£229,935
This estimated value is based upon the latest sale price for the house of £187,500 on 25 Oct 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 |
|---|---|
| £187,500 | 25 Oct 2019 |
| £162,500 | 8 Apr 2011 |
| £167,000 | 16 Sep 2005 |
| £64,000 | 11 Jun 1998 |
| £55,950 | 31 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 747 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 October 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 22.632%.Applying this 22.632% change to the original purchase price of £187,500 results in an estimated price of approximately £229,935.
| 25 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £187,500 | £42,435 | £229,935 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 25.157 % | £47,169 | £234,669 |
| 3 Month Average | -1.019 % | £-1,910 | £185,589 |
| 6 Month Average | 10.707 % | £20,076 | £207,576 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £235,000 | £235,000 | 37 HEDLEY TERRACE |
| 24 Nov 2023 | £203,005 | £200,000 | 65 REGENT ROAD NORTH |
| 1 Jun 2023 | £308,740 | £305,000 | 54 HEDLEY STREET |
| 23 May 2022 | £276,330 | £271,123 | 34 HEDLEY TERRACE |
| 6 May 2022 | £237,475 | £233,000 | 42 HENRY STREET |
This house has a floor area of 69 sq meters or 747 sq feet when measured on 11 Aug 2010. Using an estimated price of £229,936 means this house is valued at £3,309 per sq meter (£307 per sq foot).
The average size of a house on HEDLEY TERRACE is 75 sq meters (813 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Under investigation | On or near Hedley Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Regent Road North |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Regent Road North |