£70,469
This estimated value is based upon the latest sale price for the house of £55,000 on 6 Jun 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 |
|---|---|
| £55,000 | 6 Jun 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £55,000 results in an estimated price of approximately £70,469.
| 6 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £55,000 | £15,469 | £70,469 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -25.115 % | £-13,813 | £41,186 |
| 3 Month Average | -23.452 % | £-12,898 | £42,101 |
| 6 Month Average | -13.612 % | £-7,486 | £47,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £112,000 | £112,000 | 59 TYNE VIEW PLACE |
| 16 Nov 2023 | £166,972 | £164,500 | 2 HERITAGE CLOSE |
| 27 Mar 2023 | £93,885 | £93,000 | 51 TYNE VIEW PLACE |
| 14 Feb 2023 | £99,933 | £100,000 | 54 TYNE VIEW PLACE |
| 19 Jan 2023 | £159,250 | £160,000 | 22 ABBEYFIELD CLOSE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 6 Oct 2016. Using an estimated price of £70,469 means this house is valued at £1,304 per sq meter (£121 per sq foot).
The average size of a house on UPTON STREET is 109 sq meters (1,179 sq feet).
This house is the smallest in the street with a floor area of 54 sq meters (581 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Kelso Place | |
| Feb 2024 | Anti-social behaviour | On or near Kelso Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Amberley Street |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tyne View Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tyne View Place |