£229,117
This estimated value is based upon the latest sale price for the house of £125,000 on 27 Mar 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 27 Mar 2009 |
| £75,000 | 8 Apr 2002 |
| £59,000 | 5 Dec 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 793 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 2009 the House Price Index for TYNE AND WEAR was 80.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 83.294%.Applying this 83.294% change to the original purchase price of £125,000 results in an estimated price of approximately £229,117.
| 27 Mar 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.0 | 146.7 | 83.294 % | £125,000 | £104,117 | £229,117 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 49.205 % | £61,505 | £186,505 |
| 3 Month Average | 36.471 % | £45,589 | £170,589 |
| 6 Month Average | 54.183 % | £67,728 | £192,728 |
This house has a floor area of 73 sq meters or 793 sq feet when measured on 17 Nov 2008.
The average size of a house on RENNINGTON CLOSE is 74 sq meters (804 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rennington Close |
| Dec 2023 | Drugs | Under investigation | On or near Rennington Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rennington Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Rennington Close |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Aydon Road |