£382,002
This estimated value is based upon the latest sale price for the house of £310,000 on 21 Nov 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £310,000 | 21 Nov 2018 |
| £195,000 | 12 Dec 2013 |
| £192,000 | 9 Dec 2011 |
| £93,000 | 28 Jul 1995 |
| Detached |
| Leasehold |
| Floor Area: 106 sq meters or 1,142 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 November 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £310,000 results in an estimated price of approximately £382,002.
| 21 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £310,000 | £72,002 | £382,002 |
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 | 30.757 % | £95,347 | £405,347 |
| 3 Month Average | 1.850 % | £5,735 | £315,735 |
| 6 Month Average | 10.315 % | £31,974 | £341,974 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £314,658 | £310,000 | 21 JEDBURGH CLOSE |
| 7 Jul 2023 | £420,662 | £415,000 | 2 MANDARIN CLOSE |
| 1 Jun 2022 | £289,085 | £285,000 | 19 MAGENTA CRESCENT |
| 10 May 2022 | £275,185 | £270,000 | 7 MAGENTA CRESCENT |
| 11 Apr 2022 | £236,854 | £230,000 | 63 MAGENTA CRESCENT |
This house has a floor area of 106 sq meters or 1,142 sq feet when measured on 8 Jun 2011. Using an estimated price of £382,002 means this house is valued at £3,598 per sq meter (£334 per sq foot).
The average size of a house on MINERVA CLOSE is 117 sq meters (1,267 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Magenta Crescent |
| Jan 2024 | Other crime | Under investigation | On or near Magenta Crescent |
| Feb 2024 | Public order | Under investigation | On or near B6324 |
| Feb 2024 | Anti-social behaviour | On or near B6324 | |
| Feb 2024 | Anti-social behaviour | On or near B6324 |