£225,440
This estimated value is based upon the latest sale price for the house of £177,500 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £177,500 | 18 Aug 2017 |
| £162,500 | 28 Nov 2014 |
| 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 August 2017 the House Price Index for TYNE AND WEAR was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £177,500 results in an estimated price of approximately £225,440.
| 18 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £177,500 | £47,940 | £225,440 |
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 | 5.669 % | £10,063 | £187,563 |
| 3 Month Average | -7.140 % | £-12,674 | £164,825 |
| 6 Month Average | 2.975 % | £5,279 | £182,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £297,604 | £295,000 | 1 SALISBURY PLACE |
| 31 Mar 2023 | £287,711 | £285,000 | 31 MARINERS COTTAGES |
| 9 Sep 2022 | £2,991,840 | £3,016,000 | 1 MARINERS COTTAGES |
| 30 Aug 2022 | £122,171 | £122,500 | 24 SEAVIEW TERRACE |
| 26 Apr 2022 | £164,716 | £159,950 | 25 MARINERS COTTAGES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Beach Road | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Beach Road |
| Mar 2024 | Anti-social behaviour | On or near Beach Road | |
| Mar 2024 | Anti-social behaviour | On or near Beach Road | |
| Feb 2024 | Anti-social behaviour | On or near Beach Road |