£114,765
This estimated value is based upon the latest sale price for the house of £115,000 on 9 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 9 Jun 2023 |
| £87,500 | 26 Aug 2016 |
| £95,000 | 12 Jun 2015 |
| £74,000 | 23 Apr 2010 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2023 the House Price Index for TYNE AND WEAR was 147.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.204%.Applying this -0.204% change to the original purchase price of £115,000 results in an estimated price of approximately £114,765.
| 9 Jun 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 146.7 | -0.204 % | £115,000 | £-234 | £114,765 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | 60.567 % | £69,652 | £184,652 |
| 3 Month Average | 62.010 % | £71,311 | £186,311 |
| 6 Month Average | 57.336 % | £65,936 | £180,936 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 28 Jan 2016.
The average size of a house on WATSON TERRACE is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near John Street | |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near John Street |
| Mar 2024 | Anti-social behaviour | On or near John Street |