£217,064
This estimated value is based upon the latest sale price for the house of £116,950 on 31 Jan 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £116,950 | 31 Jan 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 2005 the House Price Index for TYNE AND WEAR was 79.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 85.605%.Applying this 85.605% change to the original purchase price of £116,950 results in an estimated price of approximately £217,064.
| 31 Jan 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.0 | 146.7 | 85.605 % | £116,950 | £100,114 | £217,064 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 15.051 % | £17,601 | £134,551 |
| 3 Month Average | 25.508 % | £29,831 | £146,781 |
| 6 Month Average | 26.591 % | £31,097 | £148,047 |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 2 Aug 2012.
The average size of a house on FOSTER DRIVE is 71 sq meters (774 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Renforth Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Renforth Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Renforth Close |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Renforth Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Renforth Close |