£876,908
This estimated value is based upon the latest sale price for the house of £715,000 on 6 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£715,000 | 6 Nov 2019 |
£596,500 | 1 Mar 2013 |
£247,950 | 3 Aug 2001 |
Terraced |
Freehold |
Floor Area: 251 sq meters or 2,701 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 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £715,000 results in an estimated price of approximately £876,908.
6 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 148.6 | 22.645 % | £715,000 | £161,908 | £876,908 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -6.819 % | £-48,758 | £666,241 |
3 Month Average | 1.491 % | £10,663 | £725,663 |
6 Month Average | 8.352 % | £59,719 | £774,719 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £738,420 | £725,500 | 7 RECTORY TERRACE |
18 Sep 2023 | £688,807 | £680,000 | RYECROFT, 4 STONEYHURST ROAD WEST |
7 Jul 2023 | £119,610 | £118,000 | 15 AKELD COURT |
4 Apr 2023 | £758,163 | £750,000 | 25 RECTORY TERRACE |
3 Mar 2023 | £123,160 | £122,000 | 14 MONKRIDGE COURT |
This house has a floor area of 251 sq meters or 2,701 sq feet when measured on 31 Jul 2019. Using an estimated price of £876,909 means this house is valued at £3,493 per sq meter (£324 per sq foot).
The average size of a house on RECTORY TERRACE is 275 sq meters (2,969 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Under investigation | On or near Rectory Terrace |
Jan 2024 | Anti-social behaviour | On or near Rectory Terrace | |
Jan 2024 | Anti-social behaviour | On or near Rectory Terrace | |
Jan 2024 | Anti-social behaviour | On or near Rectory Terrace |