£235,499
This estimated value is based upon the latest sale price for the house of £48,500 on 14 Nov 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £48,500 | 14 Nov 1997 |
| £8,000 | 14 Mar 1997 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 1997 the House Price Index for TYNE AND WEAR was 30.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 385.566%.Applying this 385.566% change to the original purchase price of £48,500 results in an estimated price of approximately £235,499.
| 14 Nov 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 146.7 | 385.566 % | £48,500 | £186,999 | £235,499 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 225.936 % | £109,579 | £158,079 |
| 3 Month Average | 190.706 % | £92,492 | £140,992 |
| 6 Month Average | 258.696 % | £125,467 | £173,967 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 19 Feb 2019.
The average size of a house on CHESTER STREET is 126 sq meters (1,364 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gladstone Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gladstone Place |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gladstone Place |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chester Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chester Street |