£73,409
This estimated value is based upon the latest sale price for the house of £60,000 on 14 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 14 Feb 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £60,000 results in an estimated price of approximately £73,409.
| 14 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £60,000 | £13,409 | £73,409 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -37.472 % | £-22,483 | £37,516 |
| 3 Month Average | 1.574 % | £944 | £60,944 |
| 6 Month Average | 20.473 % | £12,284 | £72,284 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £96,230 | £95,000 | 9 RIVER VIEW |
| 17 Feb 2023 | £87,441 | £87,500 | 9 LITCHFIELD STREET |
| 30 May 2022 | £75,421 | £74,000 | 4 DENE TERRACE |
| 11 Mar 2022 | £130,569 | £126,000 | 4 ZION TERRACE |
| 7 Feb 2022 | £80,749 | £77,000 | 19 FAIRFIELD PLACE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 27 Dec 2019. Using an estimated price of £73,409 means this house is valued at £1,223 per sq meter (£113 per sq foot).
There is one other house on the street which we know the size of, this is 5 ZION TERRACE it is 82.02
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Litchfield Street |
| Mar 2024 | Public order | Under investigation | On or near Litchfield Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Litchfield Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Litchfield Street |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Alice Street |