£407,026
This estimated value is based upon the latest sale price for the house of £189,950 on 30 Jan 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Blackcap Close
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| Price Paid | Date |
|---|---|
| £189,950 | 30 Jan 2004 |
| Detached |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 2004 the House Price Index for TYNE AND WEAR was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £189,950 results in an estimated price of approximately £407,026.
| 30 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.6 | 114.281 % | £189,950 | £217,076 | £407,026 |
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 | 83.485 % | £158,580 | £348,530 |
| 3 Month Average | 53.625 % | £101,861 | £291,811 |
| 6 Month Average | 82.731 % | £157,147 | £347,097 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £294,358 | £290,000 | 70 TURNSTONE DRIVE |
| 1 Aug 2023 | £121,059 | £120,000 | 28 LAPWING CLOSE |
| 23 Jun 2023 | £303,678 | £300,000 | 4 FIELDFARE CLOSE |
| 12 Jul 2022 | £290,783 | £290,000 | 28 TURNSTONE DRIVE |
| 10 Jun 2022 | £44,631 | £44,000 | 4 TURNSTONE DRIVE |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 16 Oct 2015. Using an estimated price of £407,027 means this house is valued at £2,928 per sq meter (£272 per sq foot).
The average size of a house on BLACKCAP CLOSE is 84 sq meters (911 sq feet).
This house is the largest in the street with a floor area of 139 sq meters (1,496 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Blackcap Close |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Fieldfare Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lapwing Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lapwing Close |
| Mar 2024 | Other theft | Under investigation | On or near Mallard Close |