£112,197
This estimated value is based upon the latest sale price for the house of £112,500 on 11 Aug 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 |
|---|---|
| £112,500 | 11 Aug 2022 |
| Terraced |
| Freehold |
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 August 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £112,500 results in an estimated price of approximately £112,197.
| 11 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £112,500 | £-302 | £112,197 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -19.988 % | £-22,486 | £90,013 |
| 3 Month Average | -16.952 % | £-19,070 | £93,429 |
| 6 Month Average | -5.495 % | £-6,182 | £106,317 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £109,623 | £108,000 | 8 RAPPERTON COURT |
| 21 Apr 2023 | £131,415 | £130,000 | 2 KENSINGTON VILLAS |
| 3 Apr 2023 | £131,415 | £130,000 | 4 CHIPCHASE CRESCENT |
| 13 Feb 2023 | £152,897 | £153,000 | 42 ROGERSON TERRACE |
| 7 Oct 2022 | £138,509 | £140,000 | 10 CHIPCHASE CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Beaumont Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Beaumont Terrace |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Rogerson Terrace |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rogerson Terrace |
| Jan 2024 | Anti-social behaviour | On or near Rogerson Terrace |