£101,226
This estimated value is based upon the latest sale price for the house of £100,000 on 19 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 |
---|---|
£100,000 | 19 Jun 2023 |
£76,000 | 19 May 2017 |
Freehold |
Floor Area: 71 sq meters or 764 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 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £100,000 results in an estimated price of approximately £101,226.
19 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £100,000 | £1,226 | £101,226 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -16.559 % | £-16,558 | £83,441 |
3 Month Average | -12.943 % | £-12,943 | £87,056 |
6 Month Average | 13.879 % | £13,878 | £113,878 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £142,104 | £140,000 | 233 STANHOPE ROAD |
24 Nov 2023 | £187,780 | £185,000 | 116 READING ROAD |
29 Sep 2023 | £118,515 | £117,000 | 204 BIRCHINGTON AVENUE |
7 Sep 2023 | £144,346 | £142,500 | 227 STANHOPE ROAD |
25 Aug 2023 | £181,589 | £180,000 | 187 STANHOPE ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 4 Jan 2013. Using an estimated price of £101,226 means this house is valued at £1,425 per sq meter (£132 per sq foot).
The average size of a house on BIRCHINGTON AVENUE is 79 sq meters (854 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stanhope Road |
Mar 2024 | Public order | Under investigation | On or near Stanhope Road |
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Stanhope Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Stanhope Road |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Stanhope Road |