£289,914
This estimated value is based upon the latest sale price for the house of £170,000 on 25 May 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £170,000 | 25 May 2012 |
| £165,000 | 30 Jul 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 939 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 2012 the House Price Index for TYNE AND WEAR was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £170,000 results in an estimated price of approximately £289,914.
| 25 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £170,000 | £119,914 | £289,914 |
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 | 22.907 % | £38,941 | £208,941 |
| 3 Month Average | 32.418 % | £55,111 | £225,111 |
| 6 Month Average | 37.166 % | £63,182 | £233,182 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £141,236 | £140,000 | 4 DEREHAM COURT |
| 16 Jun 2023 | £187,268 | £185,000 | 36 DEREHAM COURT |
| 20 Jan 2023 | £94,555 | £95,000 | 5 HENSBY COURT |
| 25 Feb 2022 | £188,765 | £180,000 | 3 REEDHAM COURT |
| 24 Jan 2022 | £154,704 | £147,000 | 32 SWANTON CLOSE |
This house has a floor area of 87 sq meters or 939 sq feet when measured on 23 Aug 2011. Using an estimated price of £289,914 means this house is valued at £3,320 per sq meter (£308 per sq foot).
The average size of a house on ELSING CLOSE is 94 sq meters (1,021 sq feet).
| 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 | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dereham Court |