£381,154
This estimated value is based upon the latest sale price for the house of £230,500 on 23 Aug 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £230,500 | 23 Aug 2013 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 August 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £230,500 results in an estimated price of approximately £381,154.
| 23 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £230,500 | £150,654 | £381,154 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 26.190 % | £60,366 | £290,866 |
| 3 Month Average | 3.455 % | £7,963 | £238,463 |
| 6 Month Average | 6.973 % | £16,072 | £246,572 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £147,179 | £145,000 | 28 CAMBRIA GREEN |
| 25 Aug 2023 | £126,204 | £125,100 | 8 PRIMROSE STREET |
| 25 Aug 2023 | £110,920 | £109,950 | 14 CAMBRIA GREEN |
| 4 Jan 2023 | £134,367 | £135,000 | 3 LABURNUM CLOSE |
| 13 Apr 2022 | £121,001 | £117,500 | 6 LILAC STREET |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 11 Oct 2012. Using an estimated price of £381,155 means this house is valued at £3,373 per sq meter (£313 per sq foot).
The average size of a house on ALBION STREET is 163 sq meters (1,762 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Albion Street |
| Feb 2024 | Anti-social behaviour | On or near Dawson Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Dawson Terrace | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dawson Terrace |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dawson Terrace |