£157,583
This estimated value is based upon the latest sale price for the house of £125,000 on 6 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 6 Nov 2017 |
| £87,875 | 27 Aug 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 86 sq meters or 935 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £125,000 results in an estimated price of approximately £157,583.
| 6 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £125,000 | £32,583 | £157,583 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 55.817 % | £69,771 | £194,771 |
| 3 Month Average | 10.563 % | £13,204 | £138,204 |
| 6 Month Average | 6.659 % | £8,323 | £133,323 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £106,360 | £105,000 | 11 THE LEAZES |
| 1 Sep 2023 | £106,360 | £105,000 | 12 THE LEAZES |
| 28 Jul 2023 | £136,842 | £135,000 | 2 HARLOW STREET |
| 12 Jun 2023 | £122,484 | £121,000 | 18 THE LEAZES |
| 2 Jun 2023 | £91,104 | £90,000 | 28 THE LEAZES |
This house has a floor area of 86 sq meters or 935 sq feet when measured on 26 Aug 2009. Using an estimated price of £157,584 means this house is valued at £1,813 per sq meter (£168 per sq foot).
The average size of a house on LANGTON CLOSE is 121 sq meters (1,305 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Langton Close |