£166,421
This estimated value is based upon the latest sale price for the house of £115,500 on 8 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Chipchase
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| Price Paid | Date |
|---|---|
| £115,500 | 8 May 2015 |
| £98,000 | 23 Jul 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 44.088%.Applying this 44.088% change to the original purchase price of £115,500 results in an estimated price of approximately £166,421.
| 8 May 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 146.7 | 44.088 % | £115,500 | £50,921 | £166,421 |
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 | 39.721 % | £45,877 | £161,377 |
| 3 Month Average | 9.344 % | £10,792 | £126,292 |
| 6 Month Average | 33.586 % | £38,791 | £154,291 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 28 Jan 2015.
The average size of a house on CHIPCHASE is 94 sq meters (1,020 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Chipchase |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kielder |
| Feb 2024 | Anti-social behaviour | On or near Featherstone | |
| Feb 2024 | Anti-social behaviour | On or near Featherstone | |
| Mar 2024 | Public order | Under investigation | On or near Morpeth Close |