£292,566
This estimated value is based upon the latest sale price for the house of £67,500 on 2 Jul 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £67,500 | 2 Jul 1999 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 July 1999 the House Price Index for TYNE AND WEAR was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £67,500 results in an estimated price of approximately £292,566.
| 2 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £67,500 | £225,066 | £292,566 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 204.894 % | £138,303 | £205,803 |
| 3 Month Average | 176.701 % | £119,273 | £186,773 |
| 6 Month Average | 217.451 % | £146,779 | £214,279 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £235,000 | £235,000 | 37 HEDLEY TERRACE |
| 24 Nov 2023 | £203,005 | £200,000 | 65 REGENT ROAD NORTH |
| 1 Jun 2023 | £308,740 | £305,000 | 54 HEDLEY STREET |
| 23 May 2022 | £276,330 | £271,123 | 34 HEDLEY TERRACE |
| 6 May 2022 | £237,475 | £233,000 | 42 HENRY STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 23 Dec 2019. Using an estimated price of £292,567 means this house is valued at £4,240 per sq meter (£393 per sq foot).
The average size of a house on HEDLEY TERRACE is 75 sq meters (813 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Under investigation | On or near Hedley Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Regent Road North |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Regent Road North |