£271,837
This estimated value is based upon the latest sale price for the house of £113,500 on 7 Mar 2003. 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 South Street
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| Price Paid | Date |
|---|---|
| £113,500 | 7 Mar 2003 |
| Terraced |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 March 2003 the House Price Index for TYNE AND WEAR was 61.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 139.504%.Applying this 139.504% change to the original purchase price of £113,500 results in an estimated price of approximately £271,837.
| 7 Mar 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 146.7 | 139.504 % | £113,500 | £158,337 | £271,837 |
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 | 119.962 % | £136,156 | £249,656 |
| 3 Month Average | 153.131 % | £173,803 | £287,303 |
| 6 Month Average | 154.853 % | £175,758 | £289,258 |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 19 Jul 2021.
The average size of a house on DURHAM ROAD is 122 sq meters (1,321 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near South Street | |
| Jan 2024 | Anti-social behaviour | On or near South Street | |
| Jan 2024 | Anti-social behaviour | On or near South Street | |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near South Street |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near South Street |