£203,214
This estimated value is based upon the latest sale price for the house of £120,000 on 17 Jan 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 17 Jan 2011 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,117 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 January 2011 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 69.345%.Applying this 69.345% change to the original purchase price of £120,000 results in an estimated price of approximately £203,214.
| 17 Jan 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 146.7 | 69.345 % | £120,000 | £83,214 | £203,214 |
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 | 23.291 % | £27,948 | £147,948 |
| 3 Month Average | 26.306 % | £31,567 | £151,567 |
| 6 Month Average | 27.331 % | £32,797 | £152,797 |
This house has a floor area of 103 sq meters or 1,117 sq feet when measured on 12 Apr 2011.
The average size of a house on CAROLYN CLOSE is 157 sq meters (1,696 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Southfield Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near College Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near College Lane |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near College Lane |
| Dec 2023 | Anti-social behaviour | On or near College Lane |