£123,909
This estimated value is based upon the latest sale price for the house of £80,000 on 22 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 22 Aug 2007 |
| £65,000 | 30 May 2006 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 52 sq meters or 559 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 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 54.887%.Applying this 54.887% change to the original purchase price of £80,000 results in an estimated price of approximately £123,909.
| 22 Aug 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 146.7 | 54.887 % | £80,000 | £43,909 | £123,909 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -12.499 % | £-9,999 | £70,000 |
| 3 Month Average | 21.441 % | £17,152 | £97,152 |
| 6 Month Average | 31.191 % | £24,952 | £104,952 |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 18 Jun 2015.
The average size of a house on SPENCE TERRACE is 69 sq meters (749 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Spence Terrace | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spence Terrace |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spence Terrace |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Spence Terrace |
| Dec 2023 | Shoplifting | Under investigation | On or near Spence Terrace |