£88,446
This estimated value is based upon the latest sale price for the house of £59,300 on 2 Dec 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £59,300 | 2 Dec 2014 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 December 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £59,300 results in an estimated price of approximately £88,446.
| 2 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £59,300 | £29,146 | £88,446 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 63.236 % | £37,498 | £96,798 |
| 3 Month Average | 8.743 % | £5,184 | £64,484 |
| 6 Month Average | 11.226 % | £6,657 | £65,957 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £77,353 | £76,000 | 10 DENE STREET |
| 22 Sep 2023 | £64,829 | £64,000 | 29 WELL STREET |
| 25 Aug 2023 | £88,272 | £87,500 | 12 CHEVIOT STREET |
| 29 Jun 2023 | £84,018 | £83,000 | 4 CHEVIOT STREET |
| 16 Jun 2023 | £40,440 | £39,950 | 15 DENE STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 10 Mar 2014. Using an estimated price of £88,447 means this house is valued at £1,403 per sq meter (£130 per sq foot).
The average size of a house on DENE STREET is 70 sq meters (762 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Dene Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dene Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Well Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Street |