£297,160
This estimated value is based upon the latest sale price for the house of £150,300 on 23 Jun 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Parking Area
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Price Paid | Date |
---|---|
£150,300 | 23 Jun 2004 |
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 June 2004 the House Price Index for TYNE AND WEAR was 75.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 97.712%.Applying this 97.712% change to the original purchase price of £150,300 results in an estimated price of approximately £297,160.
23 Jun 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
75.2 | 148.6 | 97.712 % | £150,300 | £146,860 | £297,160 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -35.424 % | £-53,241 | £97,058 |
3 Month Average | 0.392 % | £588 | £150,888 |
6 Month Average | 11.089 % | £16,666 | £166,966 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £913,525 | £900,000 | 16 ESPLANADE WEST |
7 Jul 2023 | £93,762 | £92,500 | FLAT 29 PARK HALL THE CLOISTERS |
28 Feb 2023 | £31,479 | £31,500 | 7 THE ELMS |
17 Aug 2022 | £114,691 | £115,000 | FLAT 34 PARK HALL THE CLOISTERS |
15 Aug 2022 | £129,801 | £130,150 | 6 WESTBROOKE RYHOPE ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 30 Apr 2019. Using an estimated price of £297,161 means this house is valued at £4,952 per sq meter (£460 per sq foot).
The average size of a house on THE CLOISTERS is 70 sq meters (762 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Theft from the person | Under investigation | On or near Parking Area |
Feb 2024 | Public order | Under investigation | On or near Parking Area |
Feb 2024 | Public order | Under investigation | On or near Parking Area |
Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Parking Area |
Feb 2024 | Anti-social behaviour | On or near Parking Area |