£74,928
This estimated value is based upon the latest sale price for the house of £48,000 on 27 Sep 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£48,000 | 27 Sep 2007 |
£36,000 | 11 Jun 2004 |
£20,500 | 17 Feb 2004 |
Terraced |
Freehold |
Floor Area: 54 sq meters or 581 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 September 2007 the House Price Index for TYNE AND WEAR was 95.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.101%.Applying this 56.101% change to the original purchase price of £48,000 results in an estimated price of approximately £74,928.
27 Sep 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.2 | 148.6 | 56.101 % | £48,000 | £26,928 | £74,928 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -16.400 % | £-7,871 | £40,128 |
3 Month Average | -3.591 % | £-1,723 | £46,276 |
6 Month Average | -12.127 % | £-5,821 | £42,178 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Nov 2023 | £60,902 | £60,000 | 40 NOBLE STREET |
11 Apr 2023 | £38,414 | £38,000 | 11 NOBLE STREET |
6 Apr 2023 | £52,061 | £51,500 | 18 NOBLE STREET |
31 Mar 2023 | £105,999 | £105,000 | 137 GRAY ROAD |
24 Feb 2023 | £94,936 | £95,000 | 139 GRAY ROAD |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 1 Jun 2016. Using an estimated price of £74,929 means this house is valued at £1,387 per sq meter (£128 per sq foot).
The average size of a house on NOBLE STREET is 69 sq meters (746 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Noble Street |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Noble Street |
Feb 2024 | Anti-social behaviour | On or near Noble Terrace | |
Feb 2024 | Anti-social behaviour | On or near Noble Terrace | |
Feb 2024 | Anti-social behaviour | On or near Noble Terrace |