£95,150
This estimated value is based upon the latest sale price for the house of £79,000 on 6 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £79,000 | 6 Mar 2020 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £79,000 results in an estimated price of approximately £95,150.
| 6 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £79,000 | £16,150 | £95,150 |
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 | -17.738 % | £-14,012 | £64,987 |
| 3 Month Average | 6.659 % | £5,260 | £84,260 |
| 6 Month Average | 14.986 % | £11,838 | £90,838 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £88,712 | £87,160 | 143 SPLIT CROW ROAD |
| 31 Aug 2023 | £43,884 | £43,500 | 26 KING EDWARD STREET |
| 10 Aug 2023 | £60,530 | £60,000 | 8 BAYFIELD GARDENS |
| 28 Jun 2023 | £75,920 | £75,000 | 19 BAYFIELD GARDENS |
| 17 Feb 2023 | £92,937 | £93,000 | 55 MEDWAY CRESCENT |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 9 Dec 2019. Using an estimated price of £95,151 means this house is valued at £1,235 per sq meter (£114 per sq foot).
There is one other house on the street which we know the size of, this is 9 MEDWAY CRESCENT it is 77.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Under investigation | On or near Humber Gardens |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Humber Gardens |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Humber Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Severn Gardens |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Severn Gardens |