£278,595
This estimated value is based upon the latest sale price for the house of £54,000 on 27 Jun 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,000 | 27 Jun 1997 |
| Detached |
| Freehold |
| Floor Area: 48 sq meters or 516 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 1997 the House Price Index for TYNE AND WEAR was 29.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 415.917%.Applying this 415.917% change to the original purchase price of £54,000 results in an estimated price of approximately £278,595.
| 27 Jun 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.0 | 149.7 | 415.917 % | £54,000 | £224,595 | £278,595 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 574.633 % | £310,301 | £364,301 |
| 3 Month Average | 367.718 % | £198,567 | £252,567 |
| 6 Month Average | 300.982 % | £162,530 | £216,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £39,609 | £39,000 | 24 COBALT CLOSE |
| 14 Mar 2024 | £76,170 | £75,000 | 19 COBALT CLOSE |
| 28 Jun 2023 | £77,554 | £76,000 | 1 COBALT CLOSE |
| 19 Apr 2023 | £77,449 | £76,000 | 3 COBALT CLOSE |
| 10 Mar 2023 | £175,938 | £173,000 | 5 PATINA CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 1 Jun 2018. Using an estimated price of £278,595 means this house is valued at £5,804 per sq meter (£539 per sq foot).
The average size of a house on COBALT CLOSE is 61 sq meters (660 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Cobalt Close |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Cobalt Close |
| Sep 2024 | Anti-social behaviour | On or near Cobalt Close | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Cobalt Close |
| Jul 2024 | Anti-social behaviour | On or near Cobalt Close |