£239,695
This estimated value is based upon the latest sale price for the house of £68,500 on 30 Mar 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£68,500 | 30 Mar 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 54 sq meters or 581 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 March 2001 the House Price Index for TYNE AND WEAR was 42.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 249.920%.Applying this 249.920% change to the original purchase price of £68,500 results in an estimated price of approximately £239,695.
30 Mar 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
42.5 | 148.6 | 249.920 % | £68,500 | £171,195 | £239,695 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 87.776 % | £60,126 | £128,626 |
3 Month Average | 151.462 % | £103,751 | £172,251 |
6 Month Average | 130.250 % | £89,221 | £157,721 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £81,202 | £80,000 | FLAT 1 EDWARD HOUSE ALBERT COURT |
11 Sep 2023 | £94,204 | £93,000 | FLAT 10 LEOPOLD HOUSE ALBERT COURT |
10 Aug 2023 | £75,662 | £75,000 | FLAT 2 EDWARD HOUSE ALBERT COURT |
1 Aug 2023 | £80,706 | £80,000 | FLAT 4 LEOPOLD HOUSE ALBERT COURT |
24 Mar 2023 | £89,846 | £89,000 | FLAT 1 HELENA HOUSE ALBERT COURT |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 8 Nov 2016. Using an estimated price of £239,695 means this house is valued at £4,438 per sq meter (£412 per sq foot).
The average size of a house on ALBERT COURT is 64 sq meters (698 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Drugs | Awaiting court outcome | On or near Burn Park Road |
Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Burn Park Road |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Burn Park Road |
Dec 2023 | Anti-social behaviour | On or near Burn Park Road | |
Dec 2023 | Anti-social behaviour | On or near Burn Park Road |