£113,438
This estimated value is based upon the latest sale price for the house of £89,500 on 22 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£89,500 | 22 Sep 2017 |
Terraced |
Freehold |
Floor Area: 120 sq meters or 1,291 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 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £89,500 results in an estimated price of approximately £113,438.
22 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.2 | 148.6 | 26.747 % | £89,500 | £23,938 | £113,438 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 11.419 % | £10,220 | £99,720 |
3 Month Average | -7.052 % | £-6,311 | £83,188 |
6 Month Average | -12.799 % | £-11,454 | £78,045 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £98,256 | £97,000 | 4A PARLIAMENT STREET |
28 Apr 2023 | £80,871 | £80,000 | 53 ANN STREET |
3 Feb 2023 | £64,956 | £65,000 | 107 PRINCE CONSORT ROAD |
19 Apr 2022 | £72,086 | £70,000 | 17 CHURCH STREET |
8 Apr 2022 | £97,831 | £95,000 | 28 PRICE STREET |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 10 Dec 2016. Using an estimated price of £113,438 means this house is valued at £945 per sq meter (£87 per sq foot).
The average size of a house on PRICE STREET is 97 sq meters (1,049 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Edward Street |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Edward Street |
Dec 2023 | Drugs | Under investigation | On or near Edward Street |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Edward Street |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Edward Street |