£71,728
This estimated value is based upon the latest sale price for the house of £29,000 on 7 Jan 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Philip Street
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| Price Paid | Date |
|---|---|
| £29,000 | 7 Jan 2003 |
| £12,000 | 30 Nov 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 104 sq meters or 1,119 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 January 2003 the House Price Index for TYNE AND WEAR was 60.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 147.338%.Applying this 147.338% change to the original purchase price of £29,000 results in an estimated price of approximately £71,728.
| 7 Jan 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 148.6 | 147.338 % | £29,000 | £42,728 | £71,728 |
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 | 118.126 % | £34,256 | £63,256 |
| 3 Month Average | 149.147 % | £43,252 | £72,252 |
| 6 Month Average | 186.711 % | £54,146 | £83,146 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £178,198 | £175,800 | 221 TAMWORTH ROAD |
| 6 Jun 2023 | £65,797 | £65,000 | 235 TAMWORTH ROAD |
| 25 Nov 2022 | £80,031 | £81,000 | 209 TAMWORTH ROAD |
| 11 Apr 2022 | £113,278 | £110,000 | 309 STANTON STREET |
| 29 Sep 2021 | £107,759 | £100,000 | 19 WALTER TERRACE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 13 Mar 2020. Using an estimated price of £71,728 means this house is valued at £689 per sq meter (£64 per sq foot).
The average size of a house on STANTON STREET is 81 sq meters (879 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Philip Street |
| Feb 2024 | Anti-social behaviour | On or near Philip Street | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Philip Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Philip Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Philip Street |