£200,766
This estimated value is based upon the latest sale price for the house of £162,500 on 19 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £162,500 | 19 Jun 2019 |
| £140,000 | 5 Apr 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 845 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £162,500 results in an estimated price of approximately £200,766.
| 19 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £162,500 | £38,266 | £200,766 |
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 | 17.398 % | £28,271 | £190,771 |
| 3 Month Average | 16.213 % | £26,345 | £188,845 |
| 6 Month Average | 15.187 % | £24,679 | £187,179 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £68,374 | £67,500 | 7 MILSTED CLOSE |
| 29 Jun 2023 | £267,237 | £264,000 | 1 MARLOW DRIVE |
| 2 Jun 2023 | £76,932 | £76,000 | 5 MILRIG CLOSE |
| 14 Apr 2023 | £218,856 | £216,500 | 15 MARLOW DRIVE |
| 5 Apr 2023 | £72,784 | £72,000 | 4 MILRIG CLOSE |
This house has a floor area of 78 sq meters or 845 sq feet when measured on 10 Jan 2012. Using an estimated price of £200,767 means this house is valued at £2,556 per sq meter (£237 per sq foot).
The average size of a house on MINSKIP CLOSE is 137 sq meters (1,482 sq feet).
This house is the smallest in the street with a floor area of 78 sq meters (845 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Minskip Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Milsted Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Monterey |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Buckthorn Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Buckthorn Gardens |