£80,250
This estimated value is based upon the latest sale price for the house of £50,000 on 12 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £50,000 | 12 Dec 2013 |
| £33,500 | 14 Jan 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 December 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £50,000 results in an estimated price of approximately £80,250.
| 12 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £50,000 | £30,250 | £80,250 |
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 | -18.701 % | £-9,350 | £40,649 |
| 3 Month Average | -4.152 % | £-2,076 | £47,923 |
| 6 Month Average | 18.281 % | £9,140 | £59,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £67,499 | £66,500 | 34 CRONDALL STREET |
| 23 Jun 2023 | £74,907 | £74,000 | 18 CRONDALL STREET |
| 20 Jun 2023 | £99,202 | £98,000 | 59 ALVERTHORPE STREET |
| 1 Jun 2023 | £99,202 | £98,000 | 59 OXFORD STREET |
| 28 Feb 2023 | £65,956 | £66,000 | 18 ALVERTHORPE STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 Jun 2013. Using an estimated price of £80,251 means this house is valued at £1,146 per sq meter (£106 per sq foot).
The average size of a house on ALVERTHORPE STREET is 75 sq meters (813 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Alverthorpe Street |
| Mar 2024 | Anti-social behaviour | On or near Alverthorpe Street | |
| Feb 2024 | Anti-social behaviour | On or near Alverthorpe Street | |
| Feb 2024 | Anti-social behaviour | On or near Alverthorpe Street | |
| Feb 2024 | Other crime | Under investigation | On or near Alverthorpe Street |