£315,290
This estimated value is based upon the latest sale price for the house of £250,000 on 14 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£250,000 | 14 Jul 2017 |
£243,000 | 23 Jun 2006 |
£124,000 | 18 May 2001 |
Terraced |
Freehold |
Floor Area: 163 sq meters or 1,754 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 26.116%.Applying this 26.116% change to the original purchase price of £250,000 results in an estimated price of approximately £315,290.
14 Jul 2017 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 147.0 | 26.116 % | £250,000 | £65,290 | £315,290 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 17.103 % | £42,758 | £292,758 |
3 Month Average | 19.988 % | £49,970 | £299,970 |
6 Month Average | 27.053 % | £67,632 | £317,632 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Oct 2023 | £155,471 | £156,000 | 37 ROWES MEWS |
28 Jul 2023 | £129,823 | £130,000 | 10 ROWES MEWS |
7 Jun 2023 | £85,625 | £85,800 | 45 FOUNDRY COURT |
1 Jun 2023 | £144,705 | £145,000 | 39 ROWES MEWS |
19 May 2023 | £262,679 | £262,500 | 36 MERCHANTS WHARF |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 15 Nov 2016. Using an estimated price of £315,290 means this house is valued at £1,934 per sq meter (£179 per sq foot).
The average size of a house on MERCHANTS WHARF is 136 sq meters (1,473 sq feet).
This house is the largest in the street with a floor area of 163 sq meters (1,754 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Merchants Wharf |
Jan 2024 | Anti-social behaviour | On or near Chandlers Quay | |
Dec 2023 | Anti-social behaviour | On or near Chandlers Quay | |
Dec 2023 | Anti-social behaviour | On or near Chandlers Quay | |
Oct 2023 | Anti-social behaviour | On or near Chandlers Quay |