£458,540
This estimated value is based upon the latest sale price for the house of £289,000 on 22 Jun 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 |
|---|---|
| £289,000 | 22 Jun 2007 |
| £155,000 | 12 Dec 2001 |
| £96,000 | 28 Jun 1996 |
| Detached |
| Freehold |
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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £289,000 results in an estimated price of approximately £458,540.
| 22 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 148.6 | 58.665 % | £289,000 | £169,540 | £458,540 |
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 | 10.038 % | £29,009 | £318,009 |
| 3 Month Average | 8.225 % | £23,770 | £312,770 |
| 6 Month Average | 19.836 % | £57,326 | £346,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £582,050 | £575,000 | 5 BARRASFORD CLOSE |
| 3 Feb 2023 | £268,319 | £268,500 | 32 LANESBOROUGH COURT |
| 29 Sep 2022 | £322,397 | £325,000 | 38 LANESBOROUGH COURT |
| 2 Aug 2022 | £658,228 | £660,000 | 29 LANESBOROUGH COURT |
| 11 Apr 2022 | £489,155 | £475,000 | 7 DUNMOOR CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Barrasford Close |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Halterburn Close |
| Feb 2024 | Anti-social behaviour | On or near Halterburn Close | |
| Feb 2024 | Anti-social behaviour | On or near Halterburn Close | |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Halterburn Close |