£315,100
This estimated value is based upon the latest sale price for the house of £205,000 on 2 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £205,000 | 2 Jun 2014 |
| Detached |
| Leasehold |
| Floor Area: 78 sq meters or 839 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £205,000 results in an estimated price of approximately £315,100.
| 2 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £205,000 | £110,100 | £315,100 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 6.071 % | £12,444 | £217,444 |
| 3 Month Average | 11.014 % | £22,579 | £227,579 |
| 6 Month Average | 25.569 % | £52,416 | £257,416 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £314,658 | £310,000 | 21 JEDBURGH CLOSE |
| 4 Aug 2023 | £312,736 | £310,000 | 26 JASMIN AVENUE |
| 14 Jul 2023 | £293,906 | £289,950 | 5 JASMIN AVENUE |
| 23 Feb 2023 | £259,825 | £260,000 | 53 JEDBURGH CLOSE |
| 8 Feb 2023 | £284,808 | £285,000 | 11 JASMIN AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 7 May 2013. Using an estimated price of £315,100 means this house is valued at £4,039 per sq meter (£375 per sq foot).
The average size of a house on JEDBURGH CLOSE is 90 sq meters (975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Jedburgh Close | |
| Jan 2024 | Anti-social behaviour | On or near Jedburgh Close | |
| Jan 2024 | Anti-social behaviour | On or near Jedburgh Close | |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Jasmin Avenue |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Jasmin Avenue |