£180,374
This estimated value is based upon the latest sale price for the house of £122,500 on 12 Dec 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £122,500 | 12 Dec 2014 |
| £129,995 | 7 Jan 2010 |
| Terraced |
| Leasehold |
| Floor Area: 61 sq meters or 662 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 December 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 47.244%.Applying this 47.244% change to the original purchase price of £122,500 results in an estimated price of approximately £180,374.
| 12 Dec 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 146.7 | 47.244 % | £122,500 | £57,874 | £180,374 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -8.800 % | £-10,780 | £111,719 |
| 3 Month Average | -2.823 % | £-3,457 | £119,042 |
| 6 Month Average | 0.158 % | £193 | £122,693 |
This house has a floor area of 61 sq meters or 662 sq feet when measured on 4 Nov 2009.
The average size of a house on SPRING STREET is 86 sq meters (928 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Spring Street |
| Feb 2024 | Anti-social behaviour | On or near Mid Summer Way | |
| Feb 2024 | Public order | Under investigation | On or near Mid Summer Way |
| Feb 2024 | Anti-social behaviour | On or near Mid Summer Way | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mid Summer Way |