£113,413
This estimated value is based upon the latest sale price for the house of £87,500 on 16 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£87,500 | 16 Mar 2017 |
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 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £87,500 results in an estimated price of approximately £113,413.
16 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 148.6 | 29.616 % | £87,500 | £25,913 | £113,413 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 57.919 % | £50,679 | £138,179 |
3 Month Average | 30.816 % | £26,963 | £114,463 |
6 Month Average | 17.623 % | £15,420 | £102,920 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £223,918 | £220,000 | 9 BRANDLING TERRACE |
30 Nov 2023 | £71,052 | £70,000 | 7 BRANDLING TERRACE |
7 Mar 2023 | £252,378 | £250,000 | 37 - 39 NORFOLK STREET |
10 Feb 2023 | £294,802 | £295,000 | 24 NORTHUMBERLAND SQUARE |
24 Jan 2023 | £131,381 | £132,000 | 117 STEPHENSON STREET |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 20 Feb 2017. Using an estimated price of £113,414 means this house is valued at £2,100 per sq meter (£195 per sq foot).
The average size of a house on STEPHENSON STREET is 69 sq meters (753 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Upper Norfolk Street |
Jan 2024 | Drugs | Under investigation | On or near Upper Norfolk Street |