£118,871
This estimated value is based upon the latest sale price for the house of £80,000 on 26 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 26 Sep 2014 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 48.589%.Applying this 48.589% change to the original purchase price of £80,000 results in an estimated price of approximately £118,871.
| 26 Sep 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 146.7 | 48.589 % | £80,000 | £38,871 | £118,871 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | 1.281 % | £1,024 | £81,024 |
| 3 Month Average | 15.717 % | £12,573 | £92,573 |
| 6 Month Average | 25.173 % | £20,138 | £100,138 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 21 May 2019.
There is one other house on the street which we know the size of, this is 8 REDWOOD CLOSE it is 72.548
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Redwood Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mallard Court |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Mallard Court |
| Jan 2024 | Anti-social behaviour | On or near Maple Court | |
| Jan 2024 | Anti-social behaviour | On or near Maple Court |