£49,413
This estimated value is based upon the latest sale price for the house of £39,995 on 10 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 |
|---|---|
| £39,995 | 10 Jun 2019 |
| £42,000 | 8 Oct 2015 |
| £30,000 | 26 Sep 1997 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 £39,995 results in an estimated price of approximately £49,413.
| 10 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £39,995 | £9,418 | £49,413 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 54.419 % | £21,764 | £61,759 |
| 3 Month Average | 5.131 % | £2,051 | £42,046 |
| 6 Month Average | -1.752 % | £-700 | £39,294 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £23,788 | £23,500 | 45 DEERNESS ROAD |
| 21 Apr 2023 | £50,544 | £50,000 | 5 FINCHALE CLOSE |
| 21 Apr 2023 | £45,490 | £45,000 | 6 FINCHALE CLOSE |
| 27 Jan 2023 | £64,695 | £65,000 | 1 MORDEY CLOSE |
| 27 Jan 2023 | £54,742 | £55,000 | 46 DEERNESS ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 13 Apr 2015. Using an estimated price of £49,413 means this house is valued at £898 per sq meter (£83 per sq foot).
The average size of a house on FINCHALE CLOSE is 51 sq meters (552 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Finchale Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Finchale Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Finchale Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near White House Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Burlington Close |