£61,528
This estimated value is based upon the latest sale price for the house of £50,000 on 9 Aug 2019. 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 King'S Place
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| Price Paid | Date |
|---|---|
| £50,000 | 9 Aug 2019 |
| £81,000 | 18 Feb 2008 |
| £22,500 | 20 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 August 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £50,000 results in an estimated price of approximately £61,528.
| 9 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £50,000 | £11,528 | £61,528 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 40.467 % | £20,233 | £70,233 |
| 3 Month Average | 14.582 % | £7,290 | £57,290 |
| 6 Month Average | 2.757 % | £1,378 | £51,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £49,950 | £49,950 | 35 JOHN CANDLISH ROAD |
| 4 Dec 2023 | £37,659 | £37,000 | 59 NEVILLE ROAD |
| 1 Aug 2023 | £72,635 | £72,000 | 6 KINGS PLACE |
| 9 Jun 2023 | £79,969 | £79,000 | 110 NEVILLE ROAD |
| 30 Mar 2023 | £68,647 | £68,000 | 68 NEVILLE ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 14 May 2019. Using an estimated price of £61,528 means this house is valued at £992 per sq meter (£92 per sq foot).
The average size of a house on KINGS TERRACE is 71 sq meters (774 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near King'S Place |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near King'S Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near King'S Place |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Paxton Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thornbury Street |