£386,716
This estimated value is based upon the latest sale price for the house of £379,950 on 15 Dec 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 |
---|---|
£379,950 | 15 Dec 2023 |
£332,500 | 13 Mar 2007 |
Detached |
Leasehold |
Floor Area: 188 sq meters or 2,029 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 December 2023 the House Price Index for TYNE AND WEAR was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £379,950 results in an estimated price of approximately £386,716.
15 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.0 | 148.6 | 1.781 % | £379,950 | £6,766 | £386,716 |
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 | -33.616 % | £-127,724 | £252,225 |
3 Month Average | -11.170 % | £-42,441 | £337,508 |
6 Month Average | -0.610 % | £-2,317 | £377,632 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £386,716 | £379,950 | 25 MANDARIN CLOSE |
25 Aug 2023 | £262,295 | £260,000 | 17 MANGROVE CLOSE |
4 Aug 2023 | £309,709 | £307,000 | 5 COLEY HILL CLOSE |
7 Jul 2023 | £420,662 | £415,000 | 2 MANDARIN CLOSE |
27 Jan 2023 | £472,773 | £475,000 | 10 MANDARIN CLOSE |
This house has a floor area of 188 sq meters or 2,029 sq feet when measured on 11 Feb 2010. Using an estimated price of £386,716 means this house is valued at £2,050 per sq meter (£190 per sq foot).
The average size of a house on MANDARIN CLOSE is 156 sq meters (1,686 sq feet).
This house is the largest in the street with a floor area of 188 sq meters (2,029 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
Mar 2024 | Anti-social behaviour | On or near Lilac Close | |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Ladybank |