£122,278
This estimated value is based upon the latest sale price for the house of £56,000 on 10 Nov 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £56,000 | 10 Nov 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 November 2003 the House Price Index for TYNE AND WEAR was 67.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 118.355%.Applying this 118.355% change to the original purchase price of £56,000 results in an estimated price of approximately £122,278.
| 10 Nov 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 67.2 | 146.7 | 118.355 % | £56,000 | £66,278 | £122,278 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 86.236 % | £48,292 | £104,292 |
| 3 Month Average | 98.421 % | £55,116 | £111,116 |
| 6 Month Average | 106.370 % | £59,566 | £115,566 |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 20 Dec 2012.
The average size of a house on STATION ROAD is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Trewit Road | |
| Mar 2024 | Anti-social behaviour | On or near Station Road | |
| Feb 2024 | Anti-social behaviour | On or near Station Road | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Station Road |
| Feb 2024 | Anti-social behaviour | On or near Station Road |