£157,607
This estimated value is based upon the latest sale price for the house of £127,500 on 31 May 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 |
|---|---|
| £127,500 | 31 May 2019 |
| £130,000 | 8 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £127,500 results in an estimated price of approximately £157,607.
| 31 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £127,500 | £30,107 | £157,607 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | 7.149 % | £9,115 | £136,615 |
| 3 Month Average | 37.880 % | £48,296 | £175,796 |
| 6 Month Average | 37.897 % | £48,318 | £175,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £127,112 | £126,000 | 6 MARGARET TERRACE |
| 11 Aug 2023 | £111,021 | £110,050 | 27 MARGARET TERRACE |
| 4 Aug 2023 | £111,475 | £110,500 | 4 OLGA TERRACE |
| 18 Jul 2023 | £77,037 | £76,000 | 24 MARGARET TERRACE |
| 23 Jun 2023 | £67,822 | £67,000 | 30 MARGARET TERRACE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 21 Aug 2017. Using an estimated price of £157,608 means this house is valued at £1,676 per sq meter (£155 per sq foot).
The average size of a house on NELL TERRACE is 93 sq meters (1,003 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wellfield Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Highfield Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Highfield Road |
| Jan 2024 | Anti-social behaviour | On or near Highfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Highfield Road |