£154,656
This estimated value is based upon the latest sale price for the house of £143,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £143,000 | 12 Nov 2021 |
| £95,000 | 15 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £143,000 results in an estimated price of approximately £154,656.
| 12 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £143,000 | £11,656 | £154,656 |
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 | 5.530 % | £7,907 | £150,907 |
| 3 Month Average | -3.201 % | £-4,577 | £138,422 |
| 6 Month Average | -3.008 % | £-4,301 | £138,698 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 10 Jul 2023 | £127,719 | £126,000 | 5 BARNARD STREET |
| 29 Jun 2023 | £127,545 | £126,000 | 35 BARNARD STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 13 Jan 2014. Using an estimated price of £154,656 means this house is valued at £2,008 per sq meter (£186 per sq foot).
The average size of a house on BARNARD STREET is 87 sq meters (942 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Colchester Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colchester Terrace |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Colchester Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Barnard Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Abingdon Street |