£151,236
This estimated value is based upon the latest sale price for the house of £117,000 on 28 Apr 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £117,000 | 28 Apr 2017 |
| £120,000 | 27 Jan 2017 |
| £135,000 | 6 Jun 2008 |
| £49,500 | 4 Sep 1998 |
| Semi-Detached |
| 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 April 2017 the House Price Index for TYNE AND WEAR was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £117,000 results in an estimated price of approximately £151,236.
| 28 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £117,000 | £34,236 | £151,236 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -26.600 % | £-31,122 | £85,877 |
| 3 Month Average | -2.077 % | £-2,429 | £114,570 |
| 6 Month Average | -8.185 % | £-9,576 | £107,423 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £253,187 | £249,950 | 21 MILL HILL |
| 31 Aug 2023 | £428,751 | £425,000 | 18 THE GROVE |
| 27 Jun 2023 | £268,249 | £265,000 | 4 BURN CROOK |
| 8 Jun 2023 | £60,736 | £60,000 | 21 BROOKSIDE |
| 1 Mar 2023 | £262,473 | £260,000 | 3 THE GROVE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 20 Feb 2015. Using an estimated price of £151,237 means this house is valued at £1,680 per sq meter (£156 per sq foot).
The average size of a house on MILL TERRACE is 92 sq meters (992 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near North Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spring Meadows |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near The Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rainton Grove |