£67,725
This estimated value is based upon the latest sale price for the house of £55,000 on 17 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 17 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.137%.Applying this 23.137% change to the original purchase price of £55,000 results in an estimated price of approximately £67,725.
| 17 May 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 146.7 | 23.137 % | £55,000 | £12,725 | £67,725 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -36.550 % | £-20,102 | £34,897 |
| 3 Month Average | -46.078 % | £-25,342 | £29,657 |
| 6 Month Average | -23.448 % | £-12,896 | £42,103 |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 8 Sep 2016.
The average size of a house on RICHARDSON TERRACE is 111 sq meters (1,200 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Awaiting court outcome | On or near House Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near House Terrace |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near House Terrace |
| Feb 2024 | Drugs | Offender given a caution | On or near House Terrace |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near House Terrace |