£174,882
This estimated value is based upon the latest sale price for the house of £175,000 on 3 Feb 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 |
---|---|
£175,000 | 3 Feb 2023 |
£157,995 | 30 Jun 2016 |
Terraced |
Freehold |
Floor Area: 77 sq meters or 828 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 February 2023 the House Price Index for TYNE AND WEAR was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £175,000 results in an estimated price of approximately £174,882.
3 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.7 | 148.6 | -0.067 % | £175,000 | £-117 | £174,882 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -44.127 % | £-77,222 | £97,777 |
3 Month Average | -15.706 % | £-27,485 | £147,514 |
6 Month Average | 4.088 % | £7,154 | £182,154 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £268,432 | £265,000 | 72 ROPERY ROAD |
5 Jul 2023 | £98,526 | £97,200 | UNIT 3 VANCE BUSINESS PARK |
5 Jul 2023 | £69,941 | £69,000 | UNIT 2 VANCE BUSINESS PARK |
4 Apr 2023 | £123,328 | £122,000 | UNIT 1 VANCE BUSINESS PARK |
27 Mar 2023 | £163,541 | £162,000 | 122 DERWENTWATER ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 4 May 2016. Using an estimated price of £174,882 means this house is valued at £2,271 per sq meter (£211 per sq foot).
The average size of a house on DERWENTWATER ROAD is 73 sq meters (791 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ropery Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ropery Road |
Jan 2024 | Anti-social behaviour | On or near Ropery Road | |
Jan 2024 | Anti-social behaviour | On or near Ropery Road | |
Jan 2024 | Other crime | Investigation complete; no suspect identified | On or near Ropery Road |