£57,899
This estimated value is based upon the latest sale price for the house of £34,000 on 21 Sep 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £34,000 | 21 Sep 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 September 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.294%.Applying this 70.294% change to the original purchase price of £34,000 results in an estimated price of approximately £57,899.
| 21 Sep 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.294 % | £34,000 | £23,899 | £57,899 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 74.724 % | £25,406 | £59,406 |
| 3 Month Average | 55.552 % | £18,887 | £52,887 |
| 6 Month Average | 39.374 % | £13,387 | £47,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £126,705 | £125,000 | 208 CONDERCUM ROAD |
| 9 Feb 2023 | £44,970 | £45,000 | 148 COLSTON STREET |
| 16 Jan 2023 | £74,648 | £75,000 | 245 COLSTON STREET |
| 14 Oct 2022 | £61,340 | £62,000 | 148 CANNING STREET |
| 8 Aug 2022 | £89,758 | £90,000 | 90 - 92 COLSTON STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 30 Jun 2020. Using an estimated price of £57,900 means this house is valued at £965 per sq meter (£89 per sq foot).
The average size of a house on CONDERCUM ROAD is 70 sq meters (757 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Colston Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colston Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Colston Street |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Colston Street |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Colston Street |