£273,694
This estimated value is based upon the latest sale price for the house of £275,000 on 15 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £275,000 | 15 Mar 2023 |
| £57,000 | 22 Sep 2000 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 March 2023 the House Price Index for TYNE AND WEAR was 147.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.475%.Applying this -0.475% change to the original purchase price of £275,000 results in an estimated price of approximately £273,694.
| 15 Mar 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 146.7 | -0.475 % | £275,000 | £-1,305 | £273,694 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | -5.889 % | £-16,193 | £258,806 |
| 3 Month Average | 6.680 % | £18,369 | £293,369 |
| 6 Month Average | 5.815 % | £15,990 | £290,990 |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 27 May 2010.
The average size of a house on VICTORIA STREET is 152 sq meters (1,640 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Offender given a caution | On or near Victoria Street |
| Mar 2024 | Other theft | Under investigation | On or near Victoria Street |
| Mar 2024 | Public order | Under investigation | On or near Victoria Street |
| Mar 2024 | Drugs | Under investigation | On or near Houston Court |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Houston Court |