£207,765
This estimated value is based upon the latest sale price for the house of £114,000 on 5 Oct 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£114,000 | 5 Oct 2005 |
£43,000 | 21 Jun 1998 |
Terraced |
Freehold |
Floor Area: 97 sq meters or 1,044 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 2005 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.250%.Applying this 82.250% change to the original purchase price of £114,000 results in an estimated price of approximately £207,765.
5 Oct 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.5 | 148.6 | 82.250 % | £114,000 | £93,765 | £207,765 |
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 | -40.223 % | £-45,853 | £68,146 |
3 Month Average | 24.133 % | £27,511 | £141,511 |
6 Month Average | 28.784 % | £32,813 | £146,813 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £146,000 | £146,000 | 6 GRASMERE CRESCENT |
24 Nov 2023 | £121,803 | £120,000 | 9 ELIZABETH STREET |
2 Jun 2023 | £156,901 | £155,000 | 14 JOANNAH STREET |
9 Mar 2023 | £166,569 | £165,000 | 6 JOANNAH STREET |
16 Jan 2023 | £340,894 | £342,500 | 8 KIRKSTONE AVENUE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 31 Jul 2017. Using an estimated price of £207,765 means this house is valued at £2,141 per sq meter (£198 per sq foot).
The average size of a house on JOANNAH STREET is 121 sq meters (1,304 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Joannah Street | |
Feb 2024 | Anti-social behaviour | On or near Joannah Street | |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Hospital |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Hospital |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Road |