£272,740
This estimated value is based upon the latest sale price for the house of £48,750 on 17 Mar 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£48,750 | 17 Mar 1995 |
Semi-Detached |
Freehold |
Floor Area: 68 sq meters or 731 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 March 1995 the House Price Index for TYNE AND WEAR was 26.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 459.468%.Applying this 459.468% change to the original purchase price of £48,750 results in an estimated price of approximately £272,740.
17 Mar 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.6 | 148.6 | 459.468 % | £48,750 | £223,990 | £272,740 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 170.939 % | £83,332 | £132,082 |
3 Month Average | 201.507 % | £98,234 | £146,984 |
6 Month Average | 201.280 % | £98,123 | £146,873 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £132,253 | £130,295 | 39 THE CORNFIELDS |
2 Jun 2023 | £125,520 | £124,000 | 60 MAKENDON STREET |
10 Mar 2023 | £74,704 | £74,000 | 76 MAKENDON STREET |
8 Jul 2022 | £160,432 | £160,000 | 78 MAKENDON STREET |
21 Feb 2022 | £146,817 | £140,000 | 30 MAKENDON STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 27 Sep 2021. Using an estimated price of £272,741 means this house is valued at £4,010 per sq meter (£372 per sq foot).
The average size of a house on MAKENDON STREET is 59 sq meters (645 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Makendon Street | |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Cornfields |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Cornfields |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Cornfields |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Montrose Crescent |