£54,829
This estimated value is based upon the latest sale price for the house of £35,000 on 3 Apr 2008. 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 | 3 Apr 2008 |
| £21,950 | 1 Dec 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.655%.Applying this 56.655% change to the original purchase price of £35,000 results in an estimated price of approximately £54,829.
| 3 Apr 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 146.7 | 56.655 % | £35,000 | £19,829 | £54,829 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -0.545 % | £-190 | £34,809 |
| 3 Month Average | 19.910 % | £6,968 | £41,968 |
| 6 Month Average | 15.583 % | £5,454 | £40,454 |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 17 Jan 2014.
The average size of a house on LORAINE TERRACE is 183 sq meters (1,974 sq feet).
This house is the smallest in the street with a floor area of 46 sq meters (495 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Loraine Terrace |
| Mar 2024 | Vehicle crime | Under investigation | On or near Maud Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Maud Street |
| Mar 2024 | Drugs | Under investigation | On or near Maud Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Maud Street |