£261,617
This estimated value is based upon the latest sale price for the house of £48,500 on 20 Dec 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Collingwood Terrace
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| Price Paid | Date |
|---|---|
| £48,500 | 20 Dec 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 December 1996 the House Price Index for TYNE AND WEAR was 27.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 439.417%.Applying this 439.417% change to the original purchase price of £48,500 results in an estimated price of approximately £261,617.
| 20 Dec 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 148.6 | 439.417 % | £48,500 | £213,117 | £261,617 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 348.055 % | £168,806 | £217,306 |
| 3 Month Average | 297.163 % | £144,124 | £192,624 |
| 6 Month Average | 320.051 % | £155,224 | £203,724 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £309,583 | £305,000 | 1A NORTHUMBERLAND TERRACE |
| 21 Sep 2023 | £425,440 | £420,000 | FLAT A 10 PRIORS TERRACE |
| 11 Jul 2023 | £255,945 | £252,500 | 7 ARCADE PARK |
| 30 Jun 2023 | £288,495 | £285,000 | 3C PRIORS TERRACE |
| 20 May 2022 | £308,819 | £303,000 | 6E PRIORS TERRACE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 15 Sep 2020. Using an estimated price of £261,617 means this house is valued at £2,539 per sq meter (£235 per sq foot).
The average size of a house on PRIORS TERRACE is 109 sq meters (1,174 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Collingwood Terrace |
| Mar 2024 | Anti-social behaviour | On or near Collingwood Terrace | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Bath Terrace |
| Mar 2024 | Drugs | Under investigation | On or near The Arcade |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Arcade |