£209,265
This estimated value is based upon the latest sale price for the house of £57,500 on 30 Nov 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£57,500 | 30 Nov 2000 |
£52,000 | 17 Mar 2000 |
£47,000 | 26 Apr 1996 |
Terraced |
Freehold |
Floor Area: 74 sq meters or 796 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 November 2000 the House Price Index for TYNE AND WEAR was 40.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 263.941%.Applying this 263.941% change to the original purchase price of £57,500 results in an estimated price of approximately £209,265.
30 Nov 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
40.8 | 148.6 | 263.941 % | £57,500 | £151,765 | £209,265 |
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 | 66.850 % | £38,438 | £95,938 |
3 Month Average | 193.748 % | £111,405 | £168,905 |
6 Month Average | 183.285 % | £105,388 | £162,888 |
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 |
1 Nov 2022 | £66,692 | £67,500 | 24 ZION TERRACE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 9 Sep 2013. Using an estimated price of £209,266 means this house is valued at £2,827 per sq meter (£262 per sq foot).
The average size of a house on JOANNAH STREET is 121 sq meters (1,304 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (796 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 |