£424,045
This estimated value is based upon the latest sale price for the house of £250,000 on 21 May 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 21 May 2010 |
| £170,000 | 26 Sep 2003 |
| £87,000 | 3 Apr 1998 |
| Detached |
| Leasehold |
| Floor Area: 130 sq meters or 1,406 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 May 2010 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.618%.Applying this 69.618% change to the original purchase price of £250,000 results in an estimated price of approximately £424,045.
| 21 May 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.618 % | £250,000 | £174,045 | £424,045 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 24.336 % | £60,840 | £310,840 |
| 3 Month Average | 22.849 % | £57,122 | £307,122 |
| 6 Month Average | 24.466 % | £61,165 | £311,165 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £277,500 | £277,500 | 18 CORBIERE CLOSE |
| 31 Aug 2023 | £278,436 | £276,000 | 23 NOIRMONT WAY |
| 25 Aug 2023 | £277,427 | £275,000 | 23 CORBIERE CLOSE |
| 19 Apr 2023 | £7,986 | £7,900 | 10 NOIRMONT WAY |
| 20 Feb 2023 | £34,976 | £35,000 | 3 WILLIAM DOXFORD CENTRE |
This house has a floor area of 130 sq meters or 1,406 sq feet when measured on 24 Feb 2010. Using an estimated price of £424,046 means this house is valued at £3,244 per sq meter (£301 per sq foot).
The average size of a house on CORBIERE CLOSE is 168 sq meters (1,810 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Corbiere Close | |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Corbiere Close |
| Mar 2024 | Shoplifting | Under investigation | On or near Birch Court |
| Mar 2024 | Anti-social behaviour | On or near Birch Court | |
| Mar 2024 | Anti-social behaviour | On or near Birch Court |