£85,476
This estimated value is based upon the latest sale price for the house of £70,000 on 10 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 10 Aug 2018 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.109%.Applying this 22.109% change to the original purchase price of £70,000 results in an estimated price of approximately £85,476.
| 10 Aug 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 146.7 | 22.109 % | £70,000 | £15,476 | £85,476 |
The Postcode Pricing Model uses changes in average sales price within the SR1 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 | 19.374 % | £13,561 | £83,561 |
| 3 Month Average | 68.309 % | £47,816 | £117,816 |
| 6 Month Average | 52.415 % | £36,690 | £106,690 |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 8 Jun 2018.
There is one other house on the street which we know the size of, this is 3 NESHAM TERRACE it is 70.56
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Rickaby Street |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Maddison Court |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Maddison Court |
| Dec 2023 | Anti-social behaviour | On or near Nesham Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Nesham Terrace |