£537,749
This estimated value is based upon the latest sale price for the house of £345,000 on 29 Jan 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £345,000 | 29 Jan 2008 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 January 2008 the House Price Index for TYNE AND WEAR was 95.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.870%.Applying this 55.870% change to the original purchase price of £345,000 results in an estimated price of approximately £537,749.
| 29 Jan 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.3 | 148.6 | 55.870 % | £345,000 | £192,749 | £537,749 |
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 | -8.791 % | £-30,329 | £314,670 |
| 3 Month Average | 4.356 % | £15,026 | £360,026 |
| 6 Month Average | 14.037 % | £48,429 | £393,429 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £181,170 | £178,000 | 8 OLIVER AVENUE |
| 16 Nov 2023 | £71,052 | £70,000 | 108 WINGROVE GARDENS |
| 16 Nov 2023 | £71,052 | £70,000 | 106 WINGROVE GARDENS |
| 18 Sep 2023 | £90,659 | £89,500 | 7 ROMULUS COURT |
| 11 Aug 2023 | £109,962 | £109,000 | 91 WINGROVE GARDENS |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 4 Mar 2020. Using an estimated price of £537,750 means this house is valued at £4,888 per sq meter (£454 per sq foot).
The average size of a house on ROMULUS COURT is 111 sq meters (1,196 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Romulus Court | |
| Mar 2024 | Anti-social behaviour | On or near Romulus Court | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Romulus Court |
| Mar 2024 | Anti-social behaviour | On or near Romulus Court | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Romulus Court |