£111,883
This estimated value is based upon the latest sale price for the house of £72,000 on 5 Mar 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £72,000 | 5 Mar 2014 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 831 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 March 2014 the House Price Index for TYNE AND WEAR was 94.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.394%.Applying this 55.394% change to the original purchase price of £72,000 results in an estimated price of approximately £111,883.
| 5 Mar 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 146.7 | 55.394 % | £72,000 | £39,883 | £111,883 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 35.547 % | £25,593 | £97,593 |
| 3 Month Average | 14.296 % | £10,293 | £82,293 |
| 6 Month Average | 39.072 % | £28,131 | £100,131 |
This house has a floor area of 77 sq meters or 831 sq feet when measured on 10 Nov 2011.
The average size of a house on CAIRNSMORE CLOSE is 110 sq meters (1,190 sq feet).
This house is the largest in the street with a floor area of 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sedley Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chevin Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Chevin Close |
| Jan 2024 | Other theft | Under investigation | On or near The Avenue |