£53,646
This estimated value is based upon the latest sale price for the house of £55,000 on 21 Nov 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 21 Nov 2022 |
| £87,000 | 27 Oct 2005 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -2.460%.Applying this -2.460% change to the original purchase price of £55,000 results in an estimated price of approximately £53,646.
| 21 Nov 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 146.7 | -2.460 % | £55,000 | £-1,353 | £53,646 |
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 | -40.312 % | £-22,171 | £32,828 |
| 3 Month Average | -34.116 % | £-18,763 | £36,236 |
| 6 Month Average | -11.455 % | £-6,299 | £48,700 |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 15 May 2015.
The average size of a house on THE QUADRANT is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near The Quadrant |
| Jan 2024 | Public order | Under investigation | On or near The Quadrant |
| Jan 2024 | Public order | Under investigation | On or near The Quadrant |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Quadrant |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Quadrant |