£307,271
This estimated value is based upon the latest sale price for the house of £191,000 on 24 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 |
---|---|
£191,000 | 24 May 2007 |
£185,000 | 10 Dec 2004 |
Detached |
Freehold |
Floor Area: 111 sq meters or 1,194 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 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £191,000 results in an estimated price of approximately £307,271.
24 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.1 | 149.7 | 60.875 % | £191,000 | £116,271 | £307,271 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | -2.620 % | £-5,003 | £185,996 |
3 Month Average | -4.651 % | £-8,884 | £182,115 |
6 Month Average | 4.747 % | £9,066 | £200,066 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 May 2024 | £153,422 | £153,422 | 3 GABLES COURT |
19 Oct 2023 | £102,324 | £100,000 | 193 GRINDON LANE |
30 Jun 2023 | £251,031 | £246,000 | 105 THE BROADWAY |
11 Apr 2023 | £371,957 | £365,000 | 7 DUMFRIES CLOSE |
23 Feb 2023 | £324,669 | £322,500 | 9 DUMFRIES CLOSE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 4 Sep 2014. Using an estimated price of £307,271 means this house is valued at £2,768 per sq meter (£257 per sq foot).
The average size of a house on DUMFRIES CLOSE is 170 sq meters (1,835 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Lanark Close |
Aug 2024 | Burglary | Under investigation | On or near Nookside Court |
Aug 2024 | Shoplifting | Under investigation | On or near Glasbury Avenue |
Aug 2024 | Burglary | Under investigation | On or near Glasbury Avenue |
Aug 2024 | Shoplifting | Under investigation | On or near Glasbury Avenue |