£186,644
This estimated value is based upon the latest sale price for the house of £126,500 on 1 Dec 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£126,500 | 1 Dec 2014 |
Terraced |
Freehold |
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 December 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 47.545%.Applying this 47.545% change to the original purchase price of £126,500 results in an estimated price of approximately £186,644.
1 Dec 2014 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 147.0 | 47.545 % | £126,500 | £60,144 | £186,644 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -19.414 % | £-24,559 | £101,940 |
3 Month Average | 17.956 % | £22,714 | £149,214 |
6 Month Average | 27.622 % | £34,941 | £161,441 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Oct 2023 | £139,525 | £140,000 | 17 WHICKHAM AVENUE |
7 Jul 2023 | £98,865 | £99,000 | 8A THE CRESCENT |
9 Jun 2023 | £119,756 | £120,000 | 9 THE CRESCENT |
31 Mar 2023 | £149,593 | £150,000 | 10 WHICKHAM AVENUE |
8 Dec 2022 | £89,121 | £91,000 | 1 MYRTLE AVENUE |
Date | Crime | Outcome | Where |
---|---|---|---|
Nov 2023 | Other theft | Under investigation | On or near Supermarket |
Oct 2023 | Public order | Under investigation | On or near Supermarket |
Oct 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Wood Street |
Nov 2023 | Other theft | Under investigation | On or near Wood Street |