£113,671
This estimated value is based upon the latest sale price for the house of £73,000 on 1 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £73,000 | 1 Apr 2014 |
| Flats/Maisonettes |
| Leasehold |
| 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 April 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £73,000 results in an estimated price of approximately £113,671.
| 1 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 148.6 | 55.714 % | £73,000 | £40,671 | £113,671 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 27.083 % | £19,770 | £92,770 |
| 3 Month Average | 16.513 % | £12,054 | £85,054 |
| 6 Month Average | 9.714 % | £7,091 | £80,091 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £64,829 | £64,000 | 29 WELL STREET |
| 8 Sep 2023 | £81,036 | £80,000 | 30 EAST MOOR ROAD |
| 25 Aug 2023 | £88,272 | £87,500 | 12 CHEVIOT STREET |
| 4 Aug 2023 | £61,538 | £61,000 | 1 MARTIN TERRACE |
| 29 Jun 2023 | £84,018 | £83,000 | 4 CHEVIOT STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 12 Dec 2012. Using an estimated price of £113,671 means this house is valued at £1,476 per sq meter (£137 per sq foot).
The average size of a house on MARTIN TERRACE is 123 sq meters (1,330 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Orchard Street | |
| Feb 2024 | Anti-social behaviour | On or near Orchard Street | |
| Feb 2024 | Anti-social behaviour | On or near Orchard Street | |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Orchard Street |
| Feb 2024 | Anti-social behaviour | On or near Orchard Street |