£388,526
This estimated value is based upon the latest sale price for the house of £68,950 on 5 Jun 1995. 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 Castlewood Close
More crime details
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| Price Paid | Date |
|---|---|
| £68,950 | 5 Jun 1995 |
| Semi-Detached |
| Freehold |
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 1995 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.491%.Applying this 463.491% change to the original purchase price of £68,950 results in an estimated price of approximately £388,526.
| 5 Jun 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 148.6 | 463.491 % | £68,950 | £319,576 | £388,526 |
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 | 186.014 % | £128,256 | £197,206 |
| 3 Month Average | 198.971 % | £137,190 | £206,140 |
| 6 Month Average | 229.168 % | £158,011 | £226,961 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2022 | £165,445 | £165,000 | 121 MILECASTLE COURT |
| 28 Feb 2022 | £235,956 | £225,000 | 58 MILECASTLE COURT |
| 20 Jan 2022 | £124,184 | £118,000 | 91 ROSEDALE COURT |
| 19 Nov 2021 | £169,798 | £157,000 | 79 MILECASTLE COURT |
| 6 Aug 2021 | £267,748 | £240,000 | 22 CASTLEWOOD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Castlewood Close |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Milecastle Court |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Milecastle Court |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Milecastle Court |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Milecastle Court |