£95,031
This estimated value is based upon the latest sale price for the house of £93,000 on 21 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £93,000 | 21 Jun 2022 |
| £75,000 | 29 Apr 2016 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,002 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 June 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £93,000 results in an estimated price of approximately £95,031.
| 21 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £93,000 | £2,031 | £95,031 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 45.297 % | £42,126 | £135,126 |
| 3 Month Average | -3.194 % | £-2,970 | £90,029 |
| 6 Month Average | 8.044 % | £7,480 | £100,480 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 May 2024 | £86,000 | £86,000 | 38 TORQUAY PARADE |
| 28 Mar 2024 | £319,915 | £315,000 | 104 MONKTON LANE |
| 15 Dec 2023 | £309,511 | £300,000 | 21 CHEVIOT ROAD |
| 10 Nov 2023 | £126,717 | £123,500 | 7 MORECAMBE PARADE |
| 3 Nov 2023 | £89,266 | £87,000 | 31 HASTINGS PARADE |
This house has a floor area of 93 sq meters or 1,002 sq feet when measured on 9 Sep 2011. Using an estimated price of £95,031 means this house is valued at £1,020 per sq meter (£94 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Bridlington Parade |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bridlington Parade |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Torquay Parade |
| May 2024 | Violence and sexual offences | Under investigation | On or near Torquay Parade |
| May 2024 | Criminal damage and arson | Under investigation | On or near Torquay Parade |