£182,700
This estimated value is based upon the latest sale price for the house of £38,225 on 16 Mar 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£38,225 | 16 Mar 1998 |
Terraced |
Freehold |
Floor Area: 91 sq meters or 979 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 March 1998 the House Price Index for TYNE AND WEAR was 31.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 377.961%.Applying this 377.961% change to the original purchase price of £38,225 results in an estimated price of approximately £182,700.
16 Mar 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.1 | 148.6 | 377.961 % | £38,225 | £144,475 | £182,700 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 306.725 % | £117,245 | £155,470 |
3 Month Average | 223.141 % | £85,295 | £123,520 |
6 Month Average | 215.710 % | £82,455 | £120,680 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Dec 2023 | £73,791 | £72,500 | 26 SOUTH VIEW |
28 Jul 2023 | £162,183 | £160,000 | 27 BEECH GROVE TERRACE SOUTH |
31 Mar 2023 | £35,333 | £35,000 | 17 MOLLYFAIR CLOSE |
24 Jun 2022 | £39,559 | £39,000 | 18 MOLLYFAIR CLOSE |
10 Jun 2022 | £102,448 | £101,000 | 2 BEECH GROVE TERRACE SOUTH |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 11 Mar 2020. Using an estimated price of £182,700 means this house is valued at £2,007 per sq meter (£186 per sq foot).
The average size of a house on BEECH GROVE TERRACE SOUTH is 108 sq meters (1,166 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Shoplifting | Awaiting court outcome | On or near Main Street |
Feb 2024 | Shoplifting | Awaiting court outcome | On or near Main Street |
Feb 2024 | Anti-social behaviour | On or near Main Street | |
Feb 2024 | Shoplifting | Awaiting court outcome | On or near Main Street |
Feb 2024 | Anti-social behaviour | On or near Main Street |