£187,032
This estimated value is based upon the latest sale price for the house of £152,500 on 8 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£152,500 | 8 Nov 2019 |
£174,950 | 27 Jul 2017 |
Terraced |
Freehold |
Floor Area: 100 sq meters or 1,076 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £152,500 results in an estimated price of approximately £187,032.
8 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 148.6 | 22.645 % | £152,500 | £34,532 | £187,032 |
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 | 19.133 % | £29,178 | £181,678 |
3 Month Average | 44.188 % | £67,387 | £219,887 |
6 Month Average | 11.466 % | £17,485 | £169,985 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Nov 2023 | £74,097 | £73,000 | 13 MACADAM STREET |
25 Aug 2023 | £161,412 | £160,000 | 15 BERNERS-LEE ROAD |
6 Jun 2023 | £191,824 | £189,500 | 9 BRUNEL STREET |
5 Apr 2023 | £187,014 | £185,000 | 16 ARMSTRONG STREET |
17 Feb 2023 | £179,879 | £180,000 | 16 BERNERS-LEE ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 17 Jul 2017. Using an estimated price of £187,033 means this house is valued at £1,870 per sq meter (£173 per sq foot).
The average size of a house on ARMSTRONG STREET is 102 sq meters (1,097 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Under investigation | On or near Macadam Street |
Apr 2024 | Anti-social behaviour | On or near Macadam Street | |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Macadam Street |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Macadam Street |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Macadam Street |