£126,704
This estimated value is based upon the latest sale price for the house of £102,500 on 2 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£102,500 | 2 May 2019 |
£140,000 | 27 Jun 2006 |
£42,000 | 13 Dec 2002 |
£36,000 | 29 Apr 2002 |
£22,000 | 17 Nov 1999 |
Freehold |
Floor Area: 66 sq meters or 710 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £102,500 results in an estimated price of approximately £126,704.
2 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.6 | 23.614 % | £102,500 | £24,204 | £126,704 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -14.011 % | £-14,361 | £88,138 |
3 Month Average | 1.244 % | £1,275 | £103,775 |
6 Month Average | 9.845 % | £10,091 | £112,591 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Jul 2023 | £233,138 | £230,000 | 60 WHITEHALL ROAD |
30 Jan 2023 | £149,297 | £150,000 | 10 LINCOLN STREET |
24 Oct 2022 | £59,361 | £60,000 | 19 RIPON STREET |
14 Jul 2022 | £115,310 | £115,000 | 39 LINCOLN STREET |
25 Mar 2022 | £103,626 | £100,000 | 19 LINCOLN STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 25 Nov 2013. Using an estimated price of £126,704 means this house is valued at £1,919 per sq meter (£178 per sq foot).
The average size of a house on RIPON STREET is 70 sq meters (756 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Under investigation | On or near Ripon Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ripon Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ripon Street |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Ripon Street |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Ripon Street |