£345,375
This estimated value is based upon the latest sale price for the house of £259,995 on 28 Sep 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £259,995 | 28 Sep 2016 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 September 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £259,995 results in an estimated price of approximately £345,375.
| 28 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £259,995 | £85,380 | £345,375 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 12.327 % | £32,048 | £292,043 |
| 3 Month Average | -2.652 % | £-6,894 | £253,100 |
| 6 Month Average | 18.113 % | £47,093 | £307,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £239,185 | £235,000 | 18 BARMSTON ROAD |
| 14 Jul 2023 | £197,660 | £195,000 | 11 DANESFIELD ROAD |
| 24 Feb 2023 | £116,921 | £117,000 | 7 ROCKINGHAM DRIVE |
| 29 Nov 2021 | £208,732 | £193,000 | 20 ROCKINGHAM DRIVE |
| 6 Jul 2021 | £287,316 | £250,000 | 21 BARMSTON ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 29 Apr 2016. Using an estimated price of £345,375 means this house is valued at £3,083 per sq meter (£286 per sq foot).
The average size of a house on BURGHLEY CLOSE is 77 sq meters (836 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Arbury Close |
| Mar 2024 | Anti-social behaviour | On or near Appleby Close | |
| Mar 2024 | Public order | Under investigation | On or near Belvoir Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Belvoir Close |
| Mar 2024 | Anti-social behaviour | On or near Belvoir Close |