£507,905
This estimated value is based upon the latest sale price for the house of £375,000 on 15 Apr 2016. 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 Alcroft Close
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| Price Paid | Date |
|---|---|
| £375,000 | 15 Apr 2016 |
| Detached |
| Leasehold |
| Floor Area: 175 sq meters or 1,883 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £375,000 results in an estimated price of approximately £507,905.
| 15 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £375,000 | £132,905 | £507,905 |
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 | 9.571 % | £35,893 | £410,893 |
| 3 Month Average | 34.134 % | £128,002 | £503,002 |
| 6 Month Average | 31.470 % | £118,014 | £493,014 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2022 | £419,914 | £425,000 | 2 ABBEY DRIVE |
| 28 Jun 2022 | £405,734 | £400,000 | 11 ASHFORD GROVE |
| 20 May 2022 | £468,834 | £460,000 | 10 AMESBURY CLOSE |
| 25 Mar 2022 | £184,455 | £178,000 | 8 CLAVERDON STREET |
| 2 Dec 2021 | £508,904 | £475,000 | 16 NORTHUMBERLAND GARDENS |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 26 Feb 2015. Using an estimated price of £507,906 means this house is valued at £2,902 per sq meter (£269 per sq foot).
The average size of a house on ABBEY DRIVE is 146 sq meters (1,577 sq feet).
This house is the largest in the street with a floor area of 175 sq meters (1,883 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Alcroft Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Amesbury Close |
| Mar 2024 | Public order | Under investigation | On or near Aylsham Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Aylsham Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Aylsham Close |