£211,484
This estimated value is based upon the latest sale price for the house of £135,000 on 25 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £135,000 | 25 Apr 2008 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.655%.Applying this 56.655% change to the original purchase price of £135,000 results in an estimated price of approximately £211,484.
| 25 Apr 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 146.7 | 56.655 % | £135,000 | £76,484 | £211,484 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 27.119 % | £36,610 | £171,610 |
| 3 Month Average | 4.218 % | £5,694 | £140,694 |
| 6 Month Average | 20.640 % | £27,864 | £162,864 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 22 Dec 2018.
The average size of a house on SPENCER STREET is 85 sq meters (919 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Spencer Street | |
| Mar 2024 | Anti-social behaviour | On or near Spencer Street | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Spencer Street |
| Dec 2023 | Anti-social behaviour | On or near Spencer Street | |
| Dec 2023 | Anti-social behaviour | On or near Spencer Street |