£169,986
This estimated value is based upon the latest sale price for the house of £95,000 on 22 Nov 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 22 Nov 2005 |
| £70,000 | 18 Nov 2005 |
| £13,000 | 29 May 1998 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 76 sq meters or 820 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 2005 the House Price Index for TYNE AND WEAR was 82.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 78.933%.Applying this 78.933% change to the original purchase price of £95,000 results in an estimated price of approximately £169,986.
| 22 Nov 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 146.7 | 78.933 % | £95,000 | £74,986 | £169,986 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 16.042 % | £15,240 | £110,240 |
| 3 Month Average | 15.746 % | £14,958 | £109,958 |
| 6 Month Average | 20.813 % | £19,772 | £114,772 |
This house has a floor area of 76 sq meters or 820 sq feet when measured on 28 Jul 2010.
The average size of a house on RICHMOND TERRACE is 233 sq meters (2,511 sq feet).
This house is the smallest in the street with a floor area of 76 sq meters (820 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Grasmere Street | |
| Mar 2024 | Anti-social behaviour | On or near Grasmere Street | |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Grasmere Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Street |