£162,048
This estimated value is based upon the latest sale price for the house of £131,500 on 5 Oct 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £131,500 | 5 Oct 2018 |
| £26,660 | 15 Jan 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 October 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £131,500 results in an estimated price of approximately £162,048.
| 5 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £131,500 | £30,548 | £162,048 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 26.130 % | £34,361 | £165,861 |
| 3 Month Average | 23.606 % | £31,041 | £162,541 |
| 6 Month Average | 33.740 % | £44,368 | £175,868 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £134,860 | £132,500 | 51 THROPTON TERRACE |
| 1 Dec 2023 | £198,473 | £195,000 | 42 WELDON CRESCENT |
| 24 Nov 2023 | £154,792 | £152,500 | 22 CRASTER TERRACE |
| 17 Nov 2023 | £168,901 | £166,400 | 29 WELDON CRESCENT |
| 28 Sep 2023 | £177,773 | £175,500 | 7 HOLYSTONE CRESCENT |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 22 Jul 2012. Using an estimated price of £162,049 means this house is valued at £2,656 per sq meter (£246 per sq foot).
The average size of a house on THROPTON TERRACE is 92 sq meters (990 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Weldon Crescent |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Weldon Crescent |
| Jan 2024 | Vehicle crime | Under investigation | On or near Weldon Crescent |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Weldon Crescent |
| Jan 2024 | Vehicle crime | Under investigation | On or near Holystone Crescent |