£121,650
This estimated value is based upon the latest sale price for the house of £55,000 on 7 Nov 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 7 Nov 2003 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 November 2003 the House Price Index for TYNE AND WEAR was 67.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 121.183%.Applying this 121.183% change to the original purchase price of £55,000 results in an estimated price of approximately £121,650.
| 7 Nov 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 67.2 | 148.6 | 121.183 % | £55,000 | £66,650 | £121,650 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 109.538 % | £60,245 | £115,245 |
| 3 Month Average | 88.806 % | £48,843 | £103,843 |
| 6 Month Average | 92.811 % | £51,045 | £106,045 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £118,033 | £117,000 | 12 HOUSTON STREET |
| 4 Aug 2023 | £277,427 | £275,000 | 4 SUMMERHILL STREET |
| 13 Jun 2023 | £278,372 | £275,000 | 2 SUMMERHILL GROVE |
| 17 Apr 2023 | £394,245 | £390,000 | 13 SUMMERHILL STREET |
| 15 Mar 2023 | £277,615 | £275,000 | 10 VICTORIA STREET |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 27 Sep 2011. Using an estimated price of £121,651 means this house is valued at £1,351 per sq meter (£125 per sq foot).
There is one other house on the street which we know the size of, this is 22 HOUSTON STREET it is 79.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Houston Court |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Houston Court |
| Mar 2024 | Drugs | Under investigation | On or near Houston Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Houston Court |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Houston Court |