£196,153
This estimated value is based upon the latest sale price for the house of £115,000 on 14 Sep 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 14 Sep 2011 |
| Terraced |
| Freehold |
| Floor Area: 129 sq meters or 1,395 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 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 70.569%.Applying this 70.569% change to the original purchase price of £115,000 results in an estimated price of approximately £196,153.
| 14 Sep 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 146.7 | 70.569 % | £115,000 | £81,153 | £196,153 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | -17.901 % | £-20,586 | £94,413 |
| 3 Month Average | 3.524 % | £4,052 | £119,052 |
| 6 Month Average | 25.753 % | £29,615 | £144,615 |
This house has a floor area of 129 sq meters or 1,395 sq feet when measured on 31 May 2011.
The average size of a house on ALBERT ROAD is 114 sq meters (1,229 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Arthur Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hurworth Place |
| Jan 2024 | Public order | Under investigation | On or near Hurworth Place |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hurworth Place |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Hurworth Place |