£276,142
This estimated value is based upon the latest sale price for the house of £165,000 on 24 Sep 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £165,000 | 24 Sep 2010 |
| Semi-Detached |
| Leasehold |
| Floor Area: 113 sq meters or 1,217 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 September 2010 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.359%.Applying this 67.359% change to the original purchase price of £165,000 results in an estimated price of approximately £276,142.
| 24 Sep 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 146.7 | 67.359 % | £165,000 | £111,142 | £276,142 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 20.205 % | £33,338 | £198,338 |
| 3 Month Average | 37.040 % | £61,115 | £226,115 |
| 6 Month Average | 32.662 % | £53,892 | £218,892 |
This house has a floor area of 113 sq meters or 1,217 sq feet when measured on 30 Apr 2009.
The average size of a house on LANARK CLOSE is 111 sq meters (1,200 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lanark Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Moffat Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Honiton Way |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Honiton Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Honiton Way |