£111,808
This estimated value is based upon the latest sale price for the house of £86,250 on 12 May 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 |
|---|---|
| £86,250 | 12 May 2017 |
| £28,000 | 17 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £86,250 results in an estimated price of approximately £111,808.
| 12 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £86,250 | £25,558 | £111,808 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 25.391 % | £21,899 | £108,149 |
| 3 Month Average | 42.969 % | £37,060 | £123,310 |
| 6 Month Average | 32.078 % | £27,667 | £113,917 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £128,113 | £127,000 | 39 DRURY LANE |
| 1 Dec 2023 | £108,329 | £105,000 | 8 GARRICK CLOSE |
| 22 Sep 2023 | £245,359 | £239,950 | 35 MOOR CLOSE |
| 8 Feb 2023 | £138,928 | £138,000 | 2 HEXHAM CLOSE |
| 9 May 2022 | £138,611 | £135,000 | 4 ALSTON CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 8 Jul 2016. Using an estimated price of £111,808 means this house is valued at £1,270 per sq meter (£118 per sq foot).
The average size of a house on GARRICK CLOSE is 99 sq meters (1,065 sq feet).
This house is the largest in the street with a floor area of 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Garrick Close |
| Jul 2024 | Anti-social behaviour | On or near Alston Close | |
| Jul 2024 | Anti-social behaviour | On or near Alston Close | |
| Jul 2024 | Anti-social behaviour | On or near Alston Close | |
| Jul 2024 | Anti-social behaviour | On or near Alston Close |