£81,633
This estimated value is based upon the latest sale price for the house of £66,500 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £66,500 | 3 Apr 2020 |
| £63,000 | 13 Aug 2014 |
| £45,000 | 31 Jul 2008 |
| £33,000 | 3 Oct 1997 |
| £31,950 | 8 Sep 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 2020 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £66,500 results in an estimated price of approximately £81,633.
| 3 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £66,500 | £15,133 | £81,633 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 16.459 % | £10,945 | £77,445 |
| 3 Month Average | 15.674 % | £10,423 | £76,923 |
| 6 Month Average | 14.326 % | £9,526 | £76,026 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £96,428 | £95,000 | 295 STANHOPE ROAD |
| 13 Jul 2023 | £59,298 | £58,500 | 47 CRANFORD STREET |
| 2 Jun 2023 | £93,128 | £92,000 | 24 RICHMOND ROAD |
| 9 Nov 2022 | £118,564 | £120,000 | 3 CRANFORD STREET |
| 19 Aug 2022 | £97,737 | £98,000 | 1 RICHMOND ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 15 Jul 2014. Using an estimated price of £81,634 means this house is valued at £1,133 per sq meter (£105 per sq foot).
The average size of a house on RICHMOND ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Richmond Road |