£121,716
This estimated value is based upon the latest sale price for the house of £107,000 on 1 Apr 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 |
---|---|
£107,000 | 1 Apr 2021 |
£101,995 | 2 Jun 2017 |
£48,842 | 9 Oct 2015 |
Semi-Detached |
Freehold |
Floor Area: 60 sq meters or 645 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 April 2021 the House Price Index for TYNE AND WEAR was 131.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.754%.Applying this 13.754% change to the original purchase price of £107,000 results in an estimated price of approximately £121,716.
1 Apr 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
131.6 | 149.7 | 13.754 % | £107,000 | £14,716 | £121,716 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | -28.617 % | £-30,620 | £76,379 |
3 Month Average | -6.301 % | £-6,741 | £100,258 |
6 Month Average | 13.386 % | £14,323 | £121,323 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £82,084 | £80,000 | 26 BELMONT WALK |
3 Nov 2023 | £191,870 | £187,000 | 3 POTTERY PARK |
29 Sep 2023 | £163,607 | £160,000 | 6 POTTERY BANK |
20 Jan 2023 | £162,434 | £162,000 | 16 POTTERY BANK |
17 Aug 2022 | £144,677 | £144,000 | 1332 WALKER ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 1 Jun 2017. Using an estimated price of £121,717 means this house is valued at £2,028 per sq meter (£188 per sq foot).
The average size of a house on POTTERY PARK is 75 sq meters (813 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Mafeking Street |
Jun 2024 | Possession of weapons | Awaiting court outcome | On or near Mafeking Street |
Jun 2024 | Public order | Under investigation | On or near Mafeking Street |