£218,668
This estimated value is based upon the latest sale price for the house of £124,995 on 29 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£124,995 | 29 Jun 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.941%.Applying this 74.941% change to the original purchase price of £124,995 results in an estimated price of approximately £218,668.
29 Jun 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.6 | 149.7 | 74.941 % | £124,995 | £93,673 | £218,668 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | 29.902 % | £37,376 | £162,371 |
3 Month Average | 39.874 % | £49,839 | £174,834 |
6 Month Average | 24.961 % | £31,199 | £156,194 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £244,624 | £242,500 | 3 CLIPSHAM CLOSE |
29 Sep 2023 | £166,163 | £162,500 | 6 WEST FARM AVENUE |
25 Aug 2023 | £165,994 | £163,000 | 6 KETTON CLOSE |
21 Aug 2023 | £90,008 | £88,385 | 35 WEST FARM AVENUE |
14 Jun 2023 | £137,761 | £135,000 | 9 OXFORD CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 23 Jul 2012. Using an estimated price of £218,668 means this house is valued at £4,555 per sq meter (£423 per sq foot).
The average size of a house on OXFORD CLOSE is 81 sq meters (881 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Oxford Close | |
Jun 2024 | Anti-social behaviour | On or near Oxford Close | |
Jun 2024 | Anti-social behaviour | On or near Oxford Close | |
Jun 2024 | Anti-social behaviour | On or near Oxford Close | |
May 2024 | Anti-social behaviour | On or near Oxford Close |