£353,015
This estimated value is based upon the latest sale price for the house of £245,000 on 13 May 2015. 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 |
|---|---|
| £245,000 | 13 May 2015 |
| Terraced |
| Freehold |
| Floor Area: 194 sq meters or 2,088 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 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 44.088%.Applying this 44.088% change to the original purchase price of £245,000 results in an estimated price of approximately £353,015.
| 13 May 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 146.7 | 44.088 % | £245,000 | £108,015 | £353,015 |
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 | -14.479 % | £-35,472 | £209,527 |
| 3 Month Average | 38.254 % | £93,721 | £338,721 |
| 6 Month Average | 34.762 % | £85,166 | £330,166 |
This house has a floor area of 194 sq meters or 2,088 sq feet when measured on 9 Jan 2015.
The average size of a house on SPRING TERRACE is 205 sq meters (2,216 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near A193 |
| Mar 2024 | Anti-social behaviour | On or near A193 | |
| Mar 2024 | Anti-social behaviour | On or near A193 | |
| Mar 2024 | Other theft | Under investigation | On or near A193 |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near A193 |