£105,406
This estimated value is based upon the latest sale price for the house of £80,000 on 4 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 4 Nov 2016 |
| Terraced |
| Freehold |
| Floor Area: 131 sq meters or 1,410 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £80,000 results in an estimated price of approximately £105,406.
| 4 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £80,000 | £25,406 | £105,406 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 13.536 % | £10,828 | £90,828 |
| 3 Month Average | 43.309 % | £34,646 | £114,646 |
| 6 Month Average | 20.052 % | £16,041 | £96,041 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £72,933 | £72,000 | 2 DRYDEN CLOSE |
| 27 Jul 2023 | £106,432 | £105,000 | 18 BURNS CLOSE |
| 20 Mar 2023 | £104,989 | £104,000 | 81 BELLOC AVENUE |
| 21 Oct 2022 | £149,639 | £151,250 | 35 CHRISTIE CLOSE |
| 26 Aug 2022 | £107,211 | £107,500 | 8 DRYDEN CLOSE |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 20 Mar 2017. Using an estimated price of £105,406 means this house is valued at £804 per sq meter (£74 per sq foot).
The average size of a house on ORWELL CLOSE is 117 sq meters (1,266 sq feet).
This house is the largest in the street with a floor area of 131 sq meters (1,410 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Browning Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Browning Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Browning Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Browning Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Browning Close |