£92,518
This estimated value is based upon the latest sale price for the house of £75,000 on 5 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 5 Dec 2018 |
| £77,000 | 12 Aug 2011 |
| £29,950 | 13 Oct 2000 |
| £33,970 | 24 Nov 1995 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 December 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £75,000 results in an estimated price of approximately £92,518.
| 5 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £75,000 | £17,518 | £92,518 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -5.326 % | £-3,994 | £71,005 |
| 3 Month Average | 6.356 % | £4,767 | £79,767 |
| 6 Month Average | -11.481 % | £-8,610 | £66,389 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £124,682 | £122,500 | 12A KIRKSTONE CLOSE |
| 14 Apr 2023 | £111,197 | £110,000 | 70 QUEENSWAY |
| 17 Mar 2023 | £90,806 | £89,950 | 26 JOHN STREET |
| 3 Mar 2023 | £85,803 | £84,995 | 12 KIRKSTONE CLOSE |
| 20 Jan 2023 | £54,742 | £55,000 | 2 SPRING DRIVE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 17 Feb 2014. Using an estimated price of £92,518 means this house is valued at £1,516 per sq meter (£140 per sq foot).
The average size of a house on KIRKNEWTON CLOSE is 67 sq meters (726 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Kirknewton Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Kirklea Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Kirklea Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kirkstone Close |
| Mar 2024 | Drugs | Under investigation | On or near Kirkstone Close |