£232,571
This estimated value is based upon the latest sale price for the house of £185,000 on 1 Dec 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 1 Dec 2017 |
| £207,000 | 2 Nov 2007 |
| £59,999 | 24 Nov 1995 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in December 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £185,000 results in an estimated price of approximately £232,571.
| 1 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £185,000 | £47,571 | £232,571 |
The Postcode Pricing Model uses changes in average sales price within the SR5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 48.023 % | £88,842 | £273,842 |
| 3 Month Average | -7.218 % | £-13,352 | £171,647 |
| 6 Month Average | -8.561 % | £-15,838 | £169,161 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £179,660 | £177,000 | 18 TOLLERTON DRIVE |
| 29 Jul 2022 | £142,885 | £142,500 | 16 TOLLERTON DRIVE |
| 14 Jan 2022 | £263,102 | £250,000 | 25 KIRKWALL CLOSE |
| 3 Dec 2021 | £187,491 | £175,000 | 18 SHANNON CLOSE |
| 17 Nov 2020 | £185,497 | £160,000 | 9 DONINGTON CLOSE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 13 Aug 2015. Using an estimated price of £232,571 means this house is valued at £1,802 per sq meter (£167 per sq foot).
The average size of a house on KIRKWALL CLOSE is 104 sq meters (1,123 sq feet).
This house is the largest in the street with a floor area of 129 sq meters (1,388 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Shannon Close | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Shannon Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shannon Close |
| Jan 2024 | Anti-social behaviour | On or near Shannon Close | |
| Jan 2024 | Anti-social behaviour | On or near Shannon Close |