£88,836
This estimated value is based upon the latest sale price for the house of £88,000 on 14 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 14 Mar 2023 |
| £74,000 | 28 Apr 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 2023 the House Price Index for TYNE AND WEAR was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £88,000 results in an estimated price of approximately £88,836.
| 14 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £88,000 | £836 | £88,836 |
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 | -11.741 % | £-10,332 | £77,667 |
| 3 Month Average | -11.340 % | £-9,978 | £78,021 |
| 6 Month Average | -3.884 % | £-3,417 | £84,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £127,226 | £125,000 | 100 LADYBANK |
| 13 Nov 2023 | £198,438 | £195,500 | 61 LADYBANK |
| 14 Mar 2023 | £88,837 | £88,000 | 2 NEDDERTON CLOSE |
| 2 Sep 2022 | £198,348 | £199,950 | 13 NEDDERTON CLOSE |
| 22 Jul 2022 | £120,274 | £119,950 | 62 LADYBANK |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 27 Oct 2016. Using an estimated price of £88,837 means this house is valued at £2,220 per sq meter (£206 per sq foot).
The average size of a house on NEDDERTON CLOSE is 81 sq meters (877 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lilac Close | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Aylsham Close |
| Mar 2024 | Public order | Under investigation | On or near Aylsham Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Aylsham Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Aylsham Close |