£263,811
This estimated value is based upon the latest sale price for the house of £173,500 on 6 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£173,500 | 6 Jun 2014 |
£175,000 | 2 Oct 2005 |
£80,000 | 16 Jun 2000 |
Terraced |
Freehold |
Floor Area: 125 sq meters or 1,345 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 52.052%.Applying this 52.052% change to the original purchase price of £173,500 results in an estimated price of approximately £263,811.
6 Jun 2014 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.7 | 147.0 | 52.052 % | £173,500 | £90,311 | £263,811 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 25.245 % | £43,799 | £217,299 |
3 Month Average | 33.855 % | £58,738 | £232,238 |
6 Month Average | 43.947 % | £76,248 | £249,748 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Oct 2023 | £155,471 | £156,000 | 37 ROWES MEWS |
28 Jul 2023 | £129,823 | £130,000 | 10 ROWES MEWS |
7 Jun 2023 | £85,625 | £85,800 | 45 FOUNDRY COURT |
1 Jun 2023 | £144,705 | £145,000 | 39 ROWES MEWS |
19 May 2023 | £262,679 | £262,500 | 36 MERCHANTS WHARF |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 28 May 2013. Using an estimated price of £263,811 means this house is valued at £2,110 per sq meter (£196 per sq foot).
The average size of a house on MERCHANTS WHARF is 136 sq meters (1,473 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Merchants Wharf |
Jan 2024 | Anti-social behaviour | On or near Chandlers Quay | |
Dec 2023 | Anti-social behaviour | On or near Chandlers Quay | |
Dec 2023 | Anti-social behaviour | On or near Chandlers Quay | |
Oct 2023 | Anti-social behaviour | On or near Chandlers Quay |