£82,257
This estimated value is based upon the latest sale price for the house of £79,950 on 14 Jul 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £79,950 | 14 Jul 2023 |
| £72,000 | 11 Dec 2015 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 65 sq meters or 699 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 July 2023 the House Price Index for TYNE AND WEAR was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £79,950 results in an estimated price of approximately £82,257.
| 14 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £79,950 | £2,307 | £82,257 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -9.152 % | £-7,317 | £72,632 |
| 3 Month Average | 7.888 % | £6,306 | £86,256 |
| 6 Month Average | -0.729 % | £-582 | £79,367 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2023 | £73,372 | £72,000 | 42A CUMBERLAND STREET |
| 21 Mar 2023 | £99,156 | £97,500 | 2 CUMBERLAND STREET |
| 25 Mar 2022 | £83,462 | £79,950 | 33 ALNWICK STREET |
| 25 Feb 2022 | £87,686 | £83,000 | 28 CUMBERLAND STREET |
| 12 Nov 2021 | £92,609 | £85,000 | 23 ALNWICK STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 10 Sep 2015.
The average size of a house on DURHAM STREET is 66 sq meters (714 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Durham Street | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Durham Street |
| Jun 2024 | Anti-social behaviour | On or near Durham Street | |
| Jun 2024 | Anti-social behaviour | On or near Durham Street | |
| Jun 2024 | Public order | Under investigation | On or near Durham Street |