£112,564
This estimated value is based upon the latest sale price for the house of £68,000 on 1 Dec 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Parking Area
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| Price Paid | Date |
|---|---|
| £68,000 | 1 Dec 2006 |
| £59,000 | 15 Apr 2005 |
| £24,500 | 29 Mar 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 December 2006 the House Price Index for TYNE AND WEAR was 89.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.536%.Applying this 65.536% change to the original purchase price of £68,000 results in an estimated price of approximately £112,564.
| 1 Dec 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.8 | 148.6 | 65.536 % | £68,000 | £44,564 | £112,564 |
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 | 33.046 % | £22,471 | £90,471 |
| 3 Month Average | 13.121 % | £8,922 | £76,922 |
| 6 Month Average | 21.807 % | £14,828 | £82,828 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £70,229 | £69,000 | 159 VINE STREET |
| 21 Apr 2023 | £94,518 | £93,500 | 100 LAUREL STREET |
| 22 Mar 2023 | £55,018 | £54,500 | 159 HIGH STREET EAST |
| 22 Jul 2022 | £60,162 | £60,000 | 181 VINE STREET |
| 16 Jun 2022 | £81,147 | £80,000 | 156 HIGH STREET EAST |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 26 May 2017. Using an estimated price of £112,564 means this house is valued at £1,705 per sq meter (£158 per sq foot).
The average size of a house on LAUREL STREET is 68 sq meters (738 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Burglary | Under investigation | On or near Parking Area |