£43,234
This estimated value is based upon the latest sale price for the house of £35,000 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,000 | 15 Feb 2019 |
| £24,000 | 11 Apr 1997 |
| Flats/Maisonettes |
| Leasehold |
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 February 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £35,000 results in an estimated price of approximately £43,234.
| 15 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £35,000 | £8,234 | £43,234 |
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 | 4.752 % | £1,663 | £36,663 |
| 3 Month Average | 2.587 % | £905 | £35,905 |
| 6 Month Average | 20.241 % | £7,084 | £42,084 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £218,231 | £215,000 | 122 WEST PERCY STREET |
| 21 Sep 2023 | £86,101 | £85,000 | 11 HOPPER STREET |
| 8 Sep 2023 | £491,282 | £485,000 | 115 - 117 WEST PERCY STREET |
| 28 Jul 2023 | £116,569 | £115,000 | 2 HOPPER STREET |
| 24 Mar 2023 | £127,703 | £126,500 | 13 ALBION ROAD WEST |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Hopper Street |
| Jan 2024 | Public order | Under investigation | On or near Hopper Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Street |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newcastle Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Street |