£72,584
This estimated value is based upon the latest sale price for the house of £56,000 on 2 Mar 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 |
|---|---|
| £56,000 | 2 Mar 2017 |
| £49,000 | 20 Sep 2012 |
| £60,000 | 17 Sep 2004 |
| £30,000 | 5 Oct 2001 |
| £25,000 | 31 Mar 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £56,000 results in an estimated price of approximately £72,584.
| 2 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £56,000 | £16,584 | £72,584 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 1.432 % | £802 | £56,802 |
| 3 Month Average | 2.224 % | £1,245 | £57,245 |
| 6 Month Average | 9.811 % | £5,494 | £61,494 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £72,264 | £71,000 | 48 NORTHBOURNE ROAD |
| 6 Nov 2023 | £62,932 | £62,000 | 313 ALBERT ROAD |
| 7 Sep 2023 | £71,920 | £71,000 | 64 NORTHBOURNE ROAD |
| 6 Sep 2023 | £73,333 | £72,395 | 74 NORTHBOURNE ROAD |
| 19 Jun 2023 | £77,438 | £76,500 | 43 NORTHBOURNE ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 23 Nov 2016. Using an estimated price of £72,585 means this house is valued at £955 per sq meter (£88 per sq foot).
The average size of a house on NORTHBOURNE ROAD is 72 sq meters (777 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Northbourne Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Northbourne Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Northbourne Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Northbourne Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Northbourne Road |