£324,218
This estimated value is based upon the latest sale price for the house of £264,995 on 14 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £264,995 | 14 Feb 2020 |
| £264,995 | 14 Feb 2020 |
| Detached |
| Freehold |
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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £264,995 results in an estimated price of approximately £324,218.
| 14 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £264,995 | £59,223 | £324,218 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -26.289 % | £-69,664 | £195,330 |
| 3 Month Average | -4.872 % | £-12,909 | £252,085 |
| 6 Month Average | -11.523 % | £-30,536 | £234,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jan 2023 | £205,034 | £206,000 | 10 CHERRY BROOKS WAY |
| 25 Nov 2022 | £350,751 | £355,000 | 3 GREENSTEM WAY |
| 26 Aug 2022 | £124,663 | £124,999 | 4 BURCOMBE CLOSE |
| 31 Mar 2022 | £450,774 | £435,000 | 3 FULBROKE CLOSE |
| 17 Feb 2022 | £141,574 | £135,000 | 9 AMBRUNES CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Bradbourne Close | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Burcombe Close |
| Jan 2024 | Drugs | Offender given a caution | On or near Burcombe Close |
| Mar 2024 | Public order | Under investigation | On or near Merton Close |
| Mar 2024 | Public order | Under investigation | On or near Merton Close |