£108,629
This estimated value is based upon the latest sale price for the house of £57,950 on 29 Oct 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £57,950 | 29 Oct 2004 |
| £26,000 | 28 Nov 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 October 2004 the House Price Index for TYNE AND WEAR was 78.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 87.453%.Applying this 87.453% change to the original purchase price of £57,950 results in an estimated price of approximately £108,629.
| 29 Oct 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 146.7 | 87.453 % | £57,950 | £50,679 | £108,629 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 53.123 % | £30,784 | £88,734 |
| 3 Month Average | 33.611 % | £19,477 | £77,427 |
| 6 Month Average | 57.276 % | £33,191 | £91,141 |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 20 Aug 2012.
The average size of a house on WILLOWS CLOSE is 51 sq meters (552 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lowthian Terrace | |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lowthian Terrace |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lowthian Terrace |
| Dec 2023 | Public order | Under investigation | On or near Lowthian Terrace |
| Feb 2024 | Drugs | Under investigation | On or near Ovingham Close |