£311,287
This estimated value is based upon the latest sale price for the house of £163,000 on 24 Sep 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £163,000 | 24 Sep 2004 |
| Terraced |
| 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 September 2004 the House Price Index for TYNE AND WEAR was 77.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 90.974%.Applying this 90.974% change to the original purchase price of £163,000 results in an estimated price of approximately £311,287.
| 24 Sep 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.8 | 148.6 | 90.974 % | £163,000 | £148,287 | £311,287 |
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 | 33.257 % | £54,209 | £217,209 |
| 3 Month Average | 35.864 % | £58,458 | £221,458 |
| 6 Month Average | 49.143 % | £80,102 | £243,102 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Feb 2022 | £188,765 | £180,000 | 3 REEDHAM COURT |
| 24 Jan 2022 | £154,704 | £147,000 | 32 SWANTON CLOSE |
| 5 Aug 2021 | £165,111 | £148,000 | 9 REEDHAM COURT |
| 5 Aug 2021 | £150,608 | £135,000 | 15 RHUDDLAN COURT |
| 30 Jul 2021 | £176,929 | £153,950 | 22 REEDHAM COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Elsing Close |
| Feb 2024 | Other theft | Under investigation | On or near Elsing Close |
| Feb 2024 | Anti-social behaviour | On or near Reedham Court | |
| Feb 2024 | Anti-social behaviour | On or near Reedham Court | |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Shearwater Close |