£100,282
This estimated value is based upon the latest sale price for the house of £75,000 on 22 Apr 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 22 Apr 2016 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.710%.Applying this 33.710% change to the original purchase price of £75,000 results in an estimated price of approximately £100,282.
| 22 Apr 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 146.7 | 33.710 % | £75,000 | £25,282 | £100,282 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 35.313 % | £26,484 | £101,484 |
| 3 Month Average | 29.484 % | £22,113 | £97,113 |
| 6 Month Average | 47.487 % | £35,615 | £110,615 |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 9 Feb 2016.
The average size of a house on WALLACE STREET is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Wallace Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wallace Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Victoria Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Victoria Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ravensworth Road |