£139,284
This estimated value is based upon the latest sale price for the house of £85,500 on 2 Feb 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,500 | 2 Feb 2007 |
| 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 February 2007 the House Price Index for TYNE AND WEAR was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £85,500 results in an estimated price of approximately £139,284.
| 2 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 148.6 | 62.906 % | £85,500 | £53,784 | £139,284 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 2.220 % | £1,897 | £87,397 |
| 3 Month Average | 22.144 % | £18,933 | £104,433 |
| 6 Month Average | 19.866 % | £16,985 | £102,485 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £63,439 | £62,500 | 17 EBOR STREET |
| 29 Nov 2023 | £97,443 | £96,000 | 51 WENLOCK ROAD |
| 18 Aug 2023 | £60,530 | £60,000 | 3 WENLOCK ROAD |
| 24 Mar 2023 | £131,236 | £130,000 | 109 WENLOCK ROAD |
| 17 Feb 2023 | £169,886 | £170,000 | 25 ROBSON CLOSE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 15 Sep 2021. Using an estimated price of £139,284 means this house is valued at £1,530 per sq meter (£142 per sq foot).
The average size of a house on WENLOCK ROAD is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Binchester Street |
| Mar 2024 | Public order | Awaiting court outcome | On or near Binchester Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Binchester Street |
| Mar 2024 | Public order | Awaiting court outcome | On or near Binchester Street |
| Mar 2024 | Shoplifting | Under investigation | On or near Binchester Street |