£52,960
This estimated value is based upon the latest sale price for the house of £50,000 on 18 Jun 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 |
|---|---|
| £50,000 | 18 Jun 2021 |
| £69,000 | 30 Nov 2007 |
| Terraced |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.921%.Applying this 5.921% change to the original purchase price of £50,000 results in an estimated price of approximately £52,960.
| 18 Jun 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 146.7 | 5.921 % | £50,000 | £2,960 | £52,960 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -36.083 % | £-18,041 | £31,958 |
| 3 Month Average | -25.834 % | £-12,916 | £37,083 |
| 6 Month Average | -25.890 % | £-12,944 | £37,055 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 19 Nov 2013.
There is one other house on the street which we know the size of, this is 42 ELMFIELD TERRACE it is 93.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Elmfield Road |
| Mar 2024 | Possession of weapons | Under investigation | On or near Elmfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Elmfield Road |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Elmfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Elmfield Road |