£40,122
This estimated value is based upon the latest sale price for the house of £27,000 on 9 Jan 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £27,000 | 9 Jan 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 36 sq meters or 387 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 January 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £27,000 results in an estimated price of approximately £40,122.
| 9 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £27,000 | £13,122 | £40,122 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 13.080 % | £3,531 | £30,531 |
| 3 Month Average | 16.256 % | £4,389 | £31,389 |
| 6 Month Average | 21.275 % | £5,744 | £32,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £80,981 | £80,000 | 258 BAXTERWOOD COURT STANHOPE STREET |
| 2 Jun 2023 | £80,981 | £80,000 | 180A CLAREWOOD COURT STANHOPE STREET |
| 5 Apr 2023 | £50,544 | £50,000 | 65 NORTHCOTE STREET |
| 6 May 2022 | £45,864 | £45,000 | 9 PROSPECT COURT |
| 20 Apr 2022 | £90,107 | £87,500 | 82 BEACONSFIELD STREET |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 24 Oct 2014. Using an estimated price of £40,122 means this house is valued at £1,114 per sq meter (£103 per sq foot).
The average size of a house on PROSPECT COURT is 36 sq meters (394 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Cookson Street |
| Feb 2024 | Anti-social behaviour | On or near Cookson Street | |
| Feb 2024 | Anti-social behaviour | On or near Cookson Street | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cookson Street |
| Dec 2023 | Shoplifting | Under investigation | On or near Cookson Street |