£129,733
This estimated value is based upon the latest sale price for the house of £55,000 on 27 Jun 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 27 Jun 2003 |
| £30,000 | 23 Aug 1995 |
| Terraced |
| Freehold |
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 June 2003 the House Price Index for TYNE AND WEAR was 63.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 135.879%.Applying this 135.879% change to the original purchase price of £55,000 results in an estimated price of approximately £129,733.
| 27 Jun 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 148.6 | 135.879 % | £55,000 | £74,733 | £129,733 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 39.953 % | £21,974 | £76,974 |
| 3 Month Average | 64.936 % | £35,714 | £90,714 |
| 6 Month Average | 68.256 % | £37,540 | £92,540 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £49,252 | £48,390 | 40 THE AVENUE |
| 6 Nov 2023 | £50,751 | £50,000 | 59 SOUTH MARKET STREET |
| 6 Nov 2023 | £50,751 | £50,000 | 57 SOUTH MARKET STREET |
| 1 Sep 2023 | £83,062 | £82,000 | 2 VICTORIA STREET |
| 30 Jun 2023 | £63,772 | £63,000 | 26 VICTORIA STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near South Market Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near South Market Street |
| Mar 2024 | Other theft | Under investigation | On or near South Market Street |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near South Market Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near South Market Street |