£208,887
This estimated value is based upon the latest sale price for the house of £132,500 on 4 May 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £132,500 | 4 May 2007 |
| £132,000 | 26 Aug 2005 |
| £105,000 | 17 Dec 2004 |
| £39,500 | 5 Sep 1997 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 May 2007 the House Price Index for TYNE AND WEAR was 93.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.651%.Applying this 57.651% change to the original purchase price of £132,500 results in an estimated price of approximately £208,887.
| 4 May 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 146.7 | 57.651 % | £132,500 | £76,387 | £208,887 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 22.119 % | £29,307 | £161,807 |
| 3 Month Average | 14.978 % | £19,845 | £152,345 |
| 6 Month Average | 22.544 % | £29,870 | £162,370 |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 26 Jan 2012.
The average size of a house on LAUNCESTON CLOSE is 76 sq meters (821 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Woodend Way | |
| Feb 2024 | Anti-social behaviour | On or near Woodend Way | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gloucester Court |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Gloucester Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gloucester Court |