£138,940
This estimated value is based upon the latest sale price for the house of £43,950 on 26 Nov 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £43,950 | 26 Nov 2001 |
| £30,450 | 28 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 November 2001 the House Price Index for TYNE AND WEAR was 46.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 216.134%.Applying this 216.134% change to the original purchase price of £43,950 results in an estimated price of approximately £138,940.
| 26 Nov 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 146.7 | 216.134 % | £43,950 | £94,990 | £138,940 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | 40.179 % | £17,658 | £61,608 |
| 3 Month Average | 13.582 % | £5,969 | £49,919 |
| 6 Month Average | 92.513 % | £40,659 | £84,609 |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 12 Jun 2015.
The average size of a house on ALBANY VILLAGE CENTRE is 102 sq meters (1,098 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Parking Area |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |