£104,040
This estimated value is based upon the latest sale price for the house of £102,500 on 1 Nov 2023. 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 | 1 Nov 2023 |
| £74,000 | 2 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 November 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £102,500 results in an estimated price of approximately £104,040.
| 1 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £102,500 | £1,540 | £104,040 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -29.083 % | £-29,810 | £72,689 |
| 3 Month Average | -8.324 % | £-8,531 | £93,968 |
| 6 Month Average | 1.207 % | £1,236 | £103,736 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £122,137 | £120,000 | 5 SAVILLE STREET WEST |
| 1 Nov 2023 | £104,040 | £102,500 | 57 TRINITY STREET |
| 7 Jun 2023 | £118,941 | £117,500 | 6 TRINITY STREET |
| 20 Dec 2021 | £42,855 | £40,000 | 34 HATFIELD HOUSE BOROUGH ROAD |
| 28 Oct 2021 | £121,713 | £110,000 | 22 ADDISON STREET |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 23 Sep 2013. Using an estimated price of £104,040 means this house is valued at £1,891 per sq meter (£175 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Offender given a caution | On or near Borough Road |
| Mar 2024 | Anti-social behaviour | On or near Borough Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Borough Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Borough Road |
| Mar 2024 | Anti-social behaviour | On or near Trinity Street |