£51,592
This estimated value is based upon the latest sale price for the house of £35,000 on 24 Mar 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,000 | 24 Mar 2015 |
| £70,000 | 4 Jul 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 March 2015 the House Price Index for TYNE AND WEAR was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £35,000 results in an estimated price of approximately £51,592.
| 24 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £35,000 | £16,592 | £51,592 |
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 | -27.999 % | £-9,799 | £25,200 |
| 3 Month Average | 21.921 % | £7,672 | £42,672 |
| 6 Month Average | 13.413 % | £4,694 | £39,694 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £84,075 | £83,000 | 8 PARK ROW |
| 11 Apr 2023 | £44,479 | £44,000 | 9 FITZROY TERRACE |
| 24 Mar 2023 | £62,590 | £62,000 | 1 PARK ROW |
| 23 Feb 2023 | £99,933 | £100,000 | 10 FREDA STREET |
| 19 Aug 2022 | £65,324 | £65,500 | 6 PARK TERRACE |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 5 Dec 2014. Using an estimated price of £51,592 means this house is valued at £1,199 per sq meter (£111 per sq foot).
The average size of a house on CLARENCE STREET is 90 sq meters (975 sq feet).
This house is the smallest in the street with a floor area of 43 sq meters (462 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Park Terrace | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Park Terrace |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Park Terrace |
| Mar 2024 | Shoplifting | Under investigation | On or near Park Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Park Terrace |