£112,712
This estimated value is based upon the latest sale price for the house of £85,000 on 8 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£85,000 | 8 Aug 2016 |
Flats/Maisonettes |
Leasehold |
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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.603%.Applying this 32.603% change to the original purchase price of £85,000 results in an estimated price of approximately £112,712.
8 Aug 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 148.0 | 32.603 % | £85,000 | £27,712 | £112,712 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -50.865 % | £-43,235 | £41,764 |
3 Month Average | 3.900 % | £3,315 | £88,315 |
6 Month Average | 17.461 % | £14,841 | £99,841 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £151,873 | £149,000 | 7 MABEL STREET |
12 Dec 2023 | £144,738 | £142,000 | 27 THERESA STREET |
11 Dec 2023 | £150,140 | £147,300 | 22 SHIBDON CRESCENT |
17 Jul 2023 | £178,690 | £177,000 | BISLEY HOTEL SHIBDON ROAD |
27 Jun 2023 | £113,924 | £113,000 | 16 MABEL STREET |
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near George Street |
Apr 2024 | Anti-social behaviour | On or near George Street | |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near George Street |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near George Street |
Jan 2024 | Violence and sexual offences | Under investigation | On or near George Street |