£158,614
This estimated value is based upon the latest sale price for the house of £41,500 on 31 Mar 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£41,500 | 31 Mar 2000 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 659 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 March 2000 the House Price Index for TYNE AND WEAR was 38.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 282.203%.Applying this 282.203% change to the original purchase price of £41,500 results in an estimated price of approximately £158,614.
31 Mar 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
38.4 | 146.7 | 282.203 % | £41,500 | £117,114 | £158,614 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 325.200 % | £134,958 | £176,458 |
3 Month Average | 239.337 % | £99,324 | £140,824 |
6 Month Average | 224.043 % | £92,977 | £134,477 |
This house has a floor area of 61 sq meters or 659 sq feet when measured on 28 Apr 2009.
The average size of a house on CLOSEFIELD GROVE is 61 sq meters (662 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Vernon Drive |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Chapel Lane |
Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Chapel Lane |
Mar 2024 | Anti-social behaviour | On or near Chapel Lane | |
Feb 2024 | Anti-social behaviour | On or near Chapel Lane |