£207,633
This estimated value is based upon the latest sale price for the house of £98,000 on 6 Feb 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £98,000 | 6 Feb 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 February 2004 the House Price Index for TYNE AND WEAR was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £98,000 results in an estimated price of approximately £207,633.
| 6 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £98,000 | £109,633 | £207,633 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 45.824 % | £44,907 | £142,907 |
| 3 Month Average | 35.850 % | £35,133 | £133,133 |
| 6 Month Average | 45.755 % | £44,839 | £142,839 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £223,918 | £220,000 | 8 THE WESTLANDS |
| 10 Nov 2023 | £147,179 | £145,000 | 31 COLCHESTER TERRACE |
| 27 Sep 2023 | £157,007 | £155,000 | 45 BARNARD STREET |
| 14 Sep 2023 | £124,593 | £123,000 | 10 COLCHESTER TERRACE |
| 23 Aug 2023 | £131,147 | £130,000 | 27 DUNBAR STREET |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 5 Sep 2016. Using an estimated price of £207,634 means this house is valued at £1,609 per sq meter (£149 per sq foot).
The average size of a house on COLCHESTER TERRACE is 113 sq meters (1,226 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Barnard Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dunbar Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Abingdon Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Abingdon Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Colchester Terrace |