£410,165
This estimated value is based upon the latest sale price for the house of £275,000 on 5 Dec 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 |
---|---|
£275,000 | 5 Dec 2014 |
Terraced |
Freehold |
Floor Area: 345 sq meters or 3,713 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 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £275,000 results in an estimated price of approximately £410,165.
5 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 148.6 | 49.151 % | £275,000 | £135,165 | £410,165 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -10.044 % | £-27,622 | £247,377 |
3 Month Average | -2.120 % | £-5,828 | £269,171 |
6 Month Average | 9.188 % | £25,265 | £300,265 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Nov 2023 | £406,011 | £400,000 | 53 BEACH ROAD |
8 Mar 2023 | £233,702 | £231,500 | 31 BEACH ROAD |
20 Feb 2023 | £62,958 | £63,000 | 22 HATFIELD SQUARE |
17 Feb 2023 | £78,947 | £79,000 | 21 WALLINGTON GROVE |
27 Jul 2022 | £60,663 | £60,500 | 45 BROUGHTON ROAD |
This house has a floor area of 345 sq meters or 3,713 sq feet when measured on 14 May 2015. Using an estimated price of £410,166 means this house is valued at £1,188 per sq meter (£110 per sq foot).
The average size of a house on BEACH ROAD is 213 sq meters (2,296 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Under investigation | On or near Woodbine Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Woodbine Street |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Woodbine Street |
Mar 2024 | Anti-social behaviour | On or near Woodbine Street | |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Woodbine Street |