£52,620
This estimated value is based upon the latest sale price for the house of £50,000 on 5 Jan 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 |
|---|---|
| £50,000 | 5 Jan 2022 |
| £43,000 | 2 Oct 2007 |
| £22,500 | 19 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £50,000 results in an estimated price of approximately £52,620.
| 5 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £50,000 | £2,620 | £52,620 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -46.336 % | £-23,167 | £26,832 |
| 3 Month Average | -5.251 % | £-2,625 | £47,374 |
| 6 Month Average | -2.937 % | £-1,468 | £48,531 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £49,668 | £49,000 | 11 RIDLEY STREET |
| 4 Jul 2023 | £76,023 | £75,000 | 2 SOUTH TERRACE |
| 25 Jan 2023 | £522,539 | £525,000 | 16 SHAKESPEARE STREET |
| 11 Nov 2022 | £87,935 | £89,000 | 6 SOUTH TERRACE |
| 31 Aug 2022 | £54,852 | £55,000 | 110 THOMPSON ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 21 Dec 2018. Using an estimated price of £52,620 means this house is valued at £741 per sq meter (£68 per sq foot).
The average size of a house on SHAKESPEARE STREET is 100 sq meters (1,077 sq feet).
This house is the smallest in the street with a floor area of 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near South Terrace | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near South Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near South Terrace |
| Feb 2024 | Public order | Awaiting court outcome | On or near South Terrace |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near South Terrace |