£581,516
This estimated value is based upon the latest sale price for the house of £315,000 on 2 Jun 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £315,000 | 2 Jun 2005 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 June 2005 the House Price Index for TYNE AND WEAR was 80.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.608%.Applying this 84.608% change to the original purchase price of £315,000 results in an estimated price of approximately £581,516.
| 2 Jun 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 148.6 | 84.608 % | £315,000 | £266,516 | £581,516 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 15.494 % | £48,807 | £363,807 |
| 3 Month Average | 9.072 % | £28,576 | £343,576 |
| 6 Month Average | 18.563 % | £58,473 | £373,473 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £151,239 | £149,000 | 5 DELAVAL TERRACE |
| 31 Mar 2023 | £146,379 | £145,000 | 347 SALTERS ROAD |
| 17 May 2022 | £275,185 | £270,000 | 32 DELAVAL TERRACE |
| 5 May 2022 | £196,798 | £193,090 | 15 DELAVAL TERRACE |
| 11 Apr 2022 | £489,155 | £475,000 | 7 DUNMOOR CLOSE |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 19 Jul 2019. Using an estimated price of £581,516 means this house is valued at £5,286 per sq meter (£491 per sq foot).
The average size of a house on DUNMOOR CLOSE is 114 sq meters (1,229 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Birtley Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Barrasford Close |