£223,600
This estimated value is based upon the latest sale price for the house of £207,500 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£207,500 | 24 Sep 2021 |
£145,000 | 30 Sep 2011 |
£192,995 | 20 Dec 2006 |
Terraced |
Freehold |
Floor Area: 111 sq meters or 1,194 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £207,500 results in an estimated price of approximately £223,600.
24 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 148.6 | 7.759 % | £207,500 | £16,100 | £223,600 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -20.440 % | £-42,413 | £165,086 |
3 Month Average | -4.942 % | £-10,255 | £197,244 |
6 Month Average | 21.461 % | £44,531 | £252,031 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £120,000 | £120,000 | 45 TADEMA ROAD |
11 Aug 2023 | £95,838 | £95,000 | 33 TADEMA ROAD |
27 Apr 2023 | £156,687 | £155,000 | 20 MOWBRAY VILLAS |
20 Jan 2023 | £121,428 | £122,000 | 217 MOWBRAY ROAD |
12 Aug 2022 | £199,463 | £200,000 | 19 MOWBRAY VILLAS |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 19 Nov 2019. Using an estimated price of £223,600 means this house is valued at £2,014 per sq meter (£187 per sq foot).
The average size of a house on MOWBRAY VILLAS is 77 sq meters (830 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,194 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Tadema Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Tadema Road |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tadema Road |
Jan 2024 | Drugs | Under investigation | On or near Tadema Road |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tadema Road |