£147,445
This estimated value is based upon the latest sale price for the house of £26,000 on 26 May 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £26,000 | 26 May 1995 |
| Terraced |
| Freehold |
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 May 1995 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 467.098%.Applying this 467.098% change to the original purchase price of £26,000 results in an estimated price of approximately £147,445.
| 26 May 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 149.7 | 467.098 % | £26,000 | £121,445 | £147,445 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 114.985 % | £29,895 | £55,895 |
| 3 Month Average | 179.153 % | £46,579 | £72,579 |
| 6 Month Average | 193.170 % | £50,224 | £76,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £45,500 | £45,500 | 2 BRITANNIA TERRACE |
| 2 May 2024 | £45,500 | £45,500 | 6 BRITANNIA TERRACE |
| 11 Dec 2023 | £128,963 | £125,000 | 33 CEDAR TERRACE |
| 9 Nov 2023 | £42,581 | £41,500 | 2 BLUMER STREET |
| 28 Jun 2023 | £66,329 | £65,000 | 9 SOUTH STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Under investigation | On or near South Street |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near South Street |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near South Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cross Street |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Cross Street |