£857,872
This estimated value is based upon the latest sale price for the house of £495,000 on 30 Jun 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £495,000 | 30 Jun 2011 |
| Detached |
| 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 June 2011 the House Price Index for TYNE AND WEAR was 85.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.308%.Applying this 73.308% change to the original purchase price of £495,000 results in an estimated price of approximately £857,872.
| 30 Jun 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.7 | 148.6 | 73.308 % | £495,000 | £362,872 | £857,872 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -48.161 % | £-238,395 | £256,604 |
| 3 Month Average | 6.865 % | £33,984 | £528,984 |
| 6 Month Average | 16.758 % | £82,950 | £577,950 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £90,585 | £89,000 | 16 FLORENCE STREET |
| 11 Dec 2023 | £122,137 | £120,000 | 1 FLORENCE STREET |
| 31 Mar 2023 | £167,579 | £166,000 | 9 TYNE STREET |
| 30 Nov 2022 | £65,457 | £66,250 | 23 FRONT STREET |
| 8 Jun 2022 | £109,548 | £108,000 | 25 FLORENCE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Ramsay Street |
| Mar 2024 | Anti-social behaviour | On or near Litchfield Lane |