£50,599
This estimated value is based upon the latest sale price for the house of £38,000 on 7 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £38,000 | 7 Jul 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £38,000 results in an estimated price of approximately £50,599.
| 7 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £38,000 | £12,599 | £50,599 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 98.481 % | £37,422 | £75,422 |
| 3 Month Average | 28.648 % | £10,886 | £48,886 |
| 6 Month Average | 35.072 % | £13,327 | £51,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £118,033 | £117,000 | 12 HOUSTON STREET |
| 4 Aug 2023 | £277,427 | £275,000 | 4 SUMMERHILL STREET |
| 13 Jun 2023 | £278,372 | £275,000 | 2 SUMMERHILL GROVE |
| 17 Apr 2023 | £394,245 | £390,000 | 13 SUMMERHILL STREET |
| 15 Mar 2023 | £277,615 | £275,000 | 10 VICTORIA STREET |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 24 Jul 2018. Using an estimated price of £50,600 means this house is valued at £1,204 per sq meter (£111 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Houston Court |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Houston Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Houston Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Houston Court |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Houston Court |