£146,904
This estimated value is based upon the latest sale price for the house of £130,000 on 26 May 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 |
---|---|
£130,000 | 26 May 2021 |
£148,495 | 25 May 2007 |
Terraced |
Freehold |
Floor Area: 119 sq meters or 1,280 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 2021 the House Price Index for TYNE AND WEAR was 131.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.004%.Applying this 13.004% change to the original purchase price of £130,000 results in an estimated price of approximately £146,904.
26 May 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
131.5 | 148.6 | 13.004 % | £130,000 | £16,904 | £146,904 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | -15.850 % | £-20,604 | £109,395 |
3 Month Average | 9.523 % | £12,379 | £142,379 |
6 Month Average | 5.141 % | £6,683 | £136,683 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Jul 2023 | £81,091 | £80,000 | 36 ORMONDE STREET |
4 Jul 2023 | £70,955 | £70,000 | 11 NORTH STREET |
30 Jun 2023 | £192,330 | £190,000 | 57 ORMONDE STREET |
23 Jun 2023 | £91,104 | £90,000 | 50 ORMONDE STREET |
14 Apr 2023 | £81,882 | £81,000 | 20 MARKET WALK |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 24 Jun 2014. Using an estimated price of £146,905 means this house is valued at £1,234 per sq meter (£114 per sq foot).
The average size of a house on NORTH STREET is 78 sq meters (847 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near North Street |
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Dec 2023 | Anti-social behaviour | On or near Market Walk |