£52,001
This estimated value is based upon the latest sale price for the house of £52,675 on 15 Feb 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £52,675 | 15 Feb 2023 |
| £49,000 | 30 Aug 2019 |
| Terraced |
| Freehold |
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 February 2023 the House Price Index for TYNE AND WEAR was 148.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.279%.Applying this -1.279% change to the original purchase price of £52,675 results in an estimated price of approximately £52,001.
| 15 Feb 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.6 | 146.7 | -1.279 % | £52,675 | £-673 | £52,001 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -44.127 % | £-23,244 | £29,430 |
| 3 Month Average | -15.706 % | £-8,273 | £44,401 |
| 6 Month Average | 4.088 % | £2,153 | £54,828 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near St Bede'S Drive |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St Bede'S Drive |
| Mar 2024 | Anti-social behaviour | On or near Chandless Street | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chandless Street |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chandless Street |