£254,203
This estimated value is based upon the latest sale price for the house of £74,950 on 1 Jun 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,950 | 1 Jun 2001 |
| Terraced |
| Freehold |
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 2001 the House Price Index for TYNE AND WEAR was 43.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 239.164%.Applying this 239.164% change to the original purchase price of £74,950 results in an estimated price of approximately £254,203.
| 1 Jun 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 148.6 | 239.164 % | £74,950 | £179,253 | £254,203 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 192.015 % | £143,915 | £218,865 |
| 3 Month Average | 140.558 % | £105,348 | £180,298 |
| 6 Month Average | 158.930 % | £119,117 | £194,067 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £223,918 | £220,000 | 8 THE WESTLANDS |
| 10 Nov 2023 | £147,179 | £145,000 | 31 COLCHESTER TERRACE |
| 27 Sep 2023 | £157,007 | £155,000 | 45 BARNARD STREET |
| 14 Sep 2023 | £124,593 | £123,000 | 10 COLCHESTER TERRACE |
| 10 Jul 2023 | £127,719 | £126,000 | 5 BARNARD STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Barnard Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Abingdon Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Abingdon Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dunbar Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Eastfield Street |