£163,159
This estimated value is based upon the latest sale price for the house of £133,000 on 2 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £133,000 | 2 Dec 2019 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £133,000 results in an estimated price of approximately £163,159.
| 2 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £133,000 | £30,159 | £163,159 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 24.069 % | £32,011 | £165,011 |
| 3 Month Average | 1.745 % | £2,320 | £135,320 |
| 6 Month Average | 6.255 % | £8,319 | £141,319 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £318,065 | £312,500 | 32 COBURG STREET |
| 4 Aug 2023 | £126,103 | £125,000 | 120 GREY STREET |
| 16 Jun 2023 | £232,820 | £230,000 | 79 JACKSON STREET |
| 16 Jun 2023 | £143,741 | £142,000 | 28 COBURG STREET |
| 9 Jun 2023 | £221,230 | £218,550 | 38 PRINCES STREET |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 10 Apr 2019. Using an estimated price of £163,160 means this house is valued at £1,553 per sq meter (£144 per sq foot).
The average size of a house on PRINCES STREET is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Princes Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Princes Street |
| Mar 2024 | Anti-social behaviour | On or near Jackson Street | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Jackson Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Washington Terrace |