£332,506
This estimated value is based upon the latest sale price for the house of £66,000 on 5 Aug 1997. 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 Gleneagle Close
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| Price Paid | Date |
|---|---|
| £66,000 | 5 Aug 1997 |
| Semi-Detached |
| Leasehold |
| Floor Area: 54 sq meters or 588 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 August 1997 the House Price Index for TYNE AND WEAR was 29.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 403.797%.Applying this 403.797% change to the original purchase price of £66,000 results in an estimated price of approximately £332,506.
| 5 Aug 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 148.6 | 403.797 % | £66,000 | £266,506 | £332,506 |
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 | 225.589 % | £148,888 | £214,888 |
| 3 Month Average | 226.807 % | £149,692 | £215,692 |
| 6 Month Average | 248.845 % | £164,237 | £230,237 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £272,484 | £269,000 | 24 GROSVENOR WAY |
| 29 Jun 2023 | £123,496 | £122,000 | 27 GLENHURST DRIVE |
| 16 Jun 2023 | £268,249 | £265,000 | 4 GREENWAY |
| 16 Jun 2023 | £237,881 | £235,000 | 15 GLENWOOD WALK |
| 12 Apr 2023 | £97,045 | £96,000 | 14 GLENWOOD WALK |
This house has a floor area of 54 sq meters or 588 sq feet when measured on 1 Sep 2009. Using an estimated price of £332,506 means this house is valued at £6,077 per sq meter (£564 per sq foot).
The average size of a house on GARNER CLOSE is 74 sq meters (801 sq feet).
This house is the smallest in the street with a floor area of 54 sq meters (588 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gleneagle Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gleneagle Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Gleneagle Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greystead Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Glendale Close |