£163,606
This estimated value is based upon the latest sale price for the house of £160,000 on 29 Sep 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 |
---|---|
£160,000 | 29 Sep 2023 |
£126,995 | 26 Oct 2017 |
Terraced |
Freehold |
Floor Area: 71 sq meters or 764 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £160,000 results in an estimated price of approximately £163,606.
29 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.4 | 149.7 | 2.254 % | £160,000 | £3,606 | £163,606 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | -21.666 % | £-34,666 | £125,333 |
3 Month Average | -30.710 % | £-49,136 | £110,863 |
6 Month Average | -10.898 % | £-17,437 | £142,562 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £191,870 | £187,000 | 3 POTTERY PARK |
29 Sep 2023 | £163,607 | £160,000 | 6 POTTERY BANK |
20 Jan 2023 | £162,434 | £162,000 | 16 POTTERY BANK |
17 Aug 2022 | £144,677 | £144,000 | 1332 WALKER ROAD |
25 May 2022 | £118,076 | £115,000 | 1320 WALKER ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 16 Oct 2017. Using an estimated price of £163,607 means this house is valued at £2,304 per sq meter (£214 per sq foot).
The average size of a house on POTTERY BANK is 99 sq meters (1,065 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Mafeking Street |
Jun 2024 | Public order | Under investigation | On or near Mafeking Street |