£58,779
This estimated value is based upon the latest sale price for the house of £35,000 on 22 Oct 2010. 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 | 22 Oct 2010 |
| £25,500 | 19 Dec 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 634 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 October 2010 the House Price Index for TYNE AND WEAR was 87.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.940%.Applying this 67.940% change to the original purchase price of £35,000 results in an estimated price of approximately £58,779.
| 22 Oct 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.4 | 146.7 | 67.940 % | £35,000 | £23,779 | £58,779 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -11.440 % | £-4,004 | £30,995 |
| 3 Month Average | 27.977 % | £9,791 | £44,791 |
| 6 Month Average | 26.029 % | £9,110 | £44,110 |
This house has a floor area of 58 sq meters or 634 sq feet when measured on 31 Aug 2010.
There is one other house on the street which we know the size of, this is 4 MERLIN CRESCENT it is 57.6
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Merlin Crescent |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Stanley Street |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Stanley Street |
| Mar 2024 | Anti-social behaviour | On or near Shakespeare Street | |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Shakespeare Street |