£347,094
This estimated value is based upon the latest sale price for the house of £246,000 on 28 Aug 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £246,000 | 28 Aug 2015 |
| £210,000 | 25 Mar 2011 |
| £166,000 | 13 Nov 2009 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,059 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 August 2015 the House Price Index for TYNE AND WEAR was 104.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 41.095%.Applying this 41.095% change to the original purchase price of £246,000 results in an estimated price of approximately £347,094.
| 28 Aug 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 146.7 | 41.095 % | £246,000 | £101,094 | £347,094 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 22.827 % | £56,153 | £302,153 |
| 3 Month Average | 11.783 % | £28,986 | £274,986 |
| 6 Month Average | 20.818 % | £51,212 | £297,212 |
This house has a floor area of 98 sq meters or 1,059 sq feet when measured on 13 Apr 2010.
The average size of a house on RICHMOND TERRACE is 121 sq meters (1,311 sq feet).
This house is the smallest in the street with a floor area of 98 sq meters (1,059 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Madeira Avenue |
| Mar 2024 | Anti-social behaviour | On or near Evesham Avenue | |
| Mar 2024 | Burglary | Under investigation | On or near Claremont Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Claremont Gardens |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Claremont Gardens |