£170,709
This estimated value is based upon the latest sale price for the house of £112,500 on 26 Jun 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 |
|---|---|
| £112,500 | 26 Jun 2014 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 51.742%.Applying this 51.742% change to the original purchase price of £112,500 results in an estimated price of approximately £170,709.
| 26 Jun 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 146.7 | 51.742 % | £112,500 | £58,209 | £170,709 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -20.189 % | £-22,713 | £89,786 |
| 3 Month Average | 28.639 % | £32,219 | £144,719 |
| 6 Month Average | 27.233 % | £30,637 | £143,137 |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 30 Jun 2015.
The average size of a house on GEORGE ROAD is 108 sq meters (1,170 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near George Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near George Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Philiphaugh |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Philiphaugh |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near George Road |