£161,857
This estimated value is based upon the latest sale price for the house of £41,500 on 31 Mar 2000. 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 Chapel Lane
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| Price Paid | Date |
|---|---|
| £41,500 | 31 Mar 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 659 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 March 2000 the House Price Index for TYNE AND WEAR was 38.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 290.019%.Applying this 290.019% change to the original purchase price of £41,500 results in an estimated price of approximately £161,857.
| 31 Mar 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 38.4 | 149.7 | 290.019 % | £41,500 | £120,357 | £161,857 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 342.992 % | £142,341 | £183,841 |
| 3 Month Average | 307.786 % | £127,731 | £169,231 |
| 6 Month Average | 281.122 % | £116,665 | £158,165 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £54,680 | £53,000 | FLAT 45 HOMEPRIOR HOUSE FRONT STREET |
| 8 Dec 2023 | £141,859 | £137,500 | 66 CLOSEFIELD GROVE |
| 26 Sep 2023 | £46,014 | £45,000 | FLAT 1 HOMEPRIOR HOUSE FRONT STREET |
| 13 Mar 2023 | £137,750 | £135,450 | 17 CLOSEFIELD GROVE |
| 16 Jun 2022 | £150,211 | £147,000 | 24 WILSON COURT |
This house has a floor area of 61 sq meters or 659 sq feet when measured on 28 Apr 2009. Using an estimated price of £161,858 means this house is valued at £2,641 per sq meter (£245 per sq foot).
The average size of a house on CLOSEFIELD GROVE is 61 sq meters (662 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Chapel Lane |
| Aug 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Chapel Lane |
| Jul 2024 | Public order | Under investigation | On or near Chapel Lane |
| Jul 2024 | Shoplifting | Under investigation | On or near Chapel Lane |