£168,070
This estimated value is based upon the latest sale price for the house of £36,000 on 27 Nov 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 |
|---|---|
| £36,000 | 27 Nov 1998 |
| Terraced |
| 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 November 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.861%.Applying this 366.861% change to the original purchase price of £36,000 results in an estimated price of approximately £168,070.
| 27 Nov 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.861 % | £36,000 | £132,070 | £168,070 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | 228.520 % | £82,267 | £118,267 |
| 3 Month Average | 231.293 % | £83,265 | £119,265 |
| 6 Month Average | 198.591 % | £71,492 | £107,492 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £165,193 | £161,000 | 16 ALBERT TERRACE |
| 28 Apr 2023 | £142,668 | £140,000 | 4 SHELDON COURT |
| 3 Oct 2022 | £159,467 | £160,000 | 19 ALBERT TERRACE |
| 12 Aug 2022 | £256,198 | £255,000 | 8 THE LIMES |
| 6 Jul 2022 | £197,984 | £196,000 | 4 THE LIMES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Albert Terrace |
| May 2024 | Violence and sexual offences | Under investigation | On or near Albert Terrace |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Albert Terrace |
| May 2024 | Anti-social behaviour | On or near Kings Road | |
| May 2024 | Anti-social behaviour | On or near Kings Road |