£347,696
This estimated value is based upon the latest sale price for the house of £214,000 on 29 Nov 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £214,000 | 29 Nov 2013 |
| £123,000 | 19 Jul 2002 |
| £88,173 | 31 Jan 2002 |
| £90,000 | 17 Sep 1999 |
| Detached |
| Leasehold |
| Floor Area: 105 sq meters or 1,130 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 2013 the House Price Index for TYNE AND WEAR was 91.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.475%.Applying this 62.475% change to the original purchase price of £214,000 results in an estimated price of approximately £347,696.
| 29 Nov 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 148.6 | 62.475 % | £214,000 | £133,696 | £347,696 |
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 | 18.176 % | £38,896 | £252,896 |
| 3 Month Average | 18.564 % | £39,727 | £253,727 |
| 6 Month Average | 28.302 % | £60,566 | £274,566 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £117,048 | £115,000 | 35 LUPIN CLOSE |
| 25 Aug 2023 | £262,295 | £260,000 | 17 MANGROVE CLOSE |
| 4 Aug 2023 | £309,709 | £307,000 | 5 COLEY HILL CLOSE |
| 24 Mar 2023 | £169,598 | £168,000 | 10 LUPIN CLOSE |
| 5 Aug 2022 | £121,672 | £122,000 | 27 LUPIN CLOSE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 21 Nov 2012. Using an estimated price of £347,697 means this house is valued at £3,311 per sq meter (£307 per sq foot).
The average size of a house on COLEY HILL CLOSE is 121 sq meters (1,312 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Ladybank |
| Mar 2024 | Anti-social behaviour | On or near Lilac Close | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Killin Close |
| Dec 2023 | Anti-social behaviour | On or near Kinver Drive | |
| Dec 2023 | Anti-social behaviour | On or near Kinver Drive |