£105,215
This estimated value is based upon the latest sale price for the house of £105,000 on 1 Sep 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 |
|---|---|
| £105,000 | 1 Sep 2023 |
| £75,000 | 4 May 2018 |
| £41,950 | 11 Aug 2000 |
| £41,950 | 29 Jan 1999 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 527 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.205%.Applying this 0.205% change to the original purchase price of £105,000 results in an estimated price of approximately £105,215.
| 1 Sep 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 146.7 | 0.205 % | £105,000 | £215 | £105,215 |
The Postcode Pricing Model uses changes in average sales price within the SR1 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 | 19.048 % | £20,000 | £125,000 |
| 3 Month Average | 56.648 % | £59,480 | £164,480 |
| 6 Month Average | 18.658 % | £19,590 | £124,590 |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 11 Apr 2017.
The average size of a house on THE LEAZES is 63 sq meters (681 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Possession of weapons | Investigation complete; no suspect identified | On or near The Leazes |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Westbourne Road |
| Mar 2024 | Drugs | Under investigation | On or near Langton Close |
| Mar 2024 | Burglary | Under investigation | On or near Chester Terrace |
| Dec 2023 | Robbery | Under investigation | On or near Chester Terrace |