£42,307
This estimated value is based upon the latest sale price for the house of £40,000 on 20 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £40,000 | 20 Dec 2021 |
| £40,000 | 20 Mar 2019 |
| £64,950 | 16 Dec 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 32 sq meters or 344 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.768%.Applying this 5.768% change to the original purchase price of £40,000 results in an estimated price of approximately £42,307.
| 20 Dec 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 146.7 | 5.768 % | £40,000 | £2,307 | £42,307 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -43.036 % | £-17,214 | £22,785 |
| 3 Month Average | 12.071 % | £4,828 | £44,828 |
| 6 Month Average | 2.447 % | £978 | £40,978 |
This house has a floor area of 32 sq meters or 344 sq feet when measured on 2 Feb 2015.
The average size of a house on BOROUGH ROAD is 50 sq meters (544 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Waldo Street |
| Mar 2024 | Anti-social behaviour | On or near Addison Street | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Addison Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Addison Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Addison Street |