£48,494
This estimated value is based upon the latest sale price for the house of £39,750 on 24 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£39,750 | 24 Jun 2020 |
£46,000 | 7 Feb 2012 |
£50,000 | 22 Jul 2011 |
Flats/Maisonettes |
Leasehold |
Floor Area: 52 sq meters or 559 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 June 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £39,750 results in an estimated price of approximately £48,494.
24 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 149.7 | 21.998 % | £39,750 | £8,744 | £48,494 |
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 | 58.458 % | £23,237 | £62,987 |
3 Month Average | 44.474 % | £17,678 | £57,428 |
6 Month Average | 26.854 % | £10,674 | £50,424 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £155,387 | £153,000 | 109 RICHARDSON STREET |
20 Oct 2023 | £46,046 | £45,000 | 146 CHARLOTTE STREET |
29 Sep 2023 | £51,127 | £50,000 | 104 CHARLOTTE STREET |
3 Aug 2023 | £132,388 | £130,000 | 81 RICHARDSON STREET |
17 Feb 2023 | £142,955 | £142,000 | 98 RICHARDSON STREET |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 23 Oct 2018. Using an estimated price of £48,494 means this house is valued at £932 per sq meter (£86 per sq foot).
The average size of a house on CHARLOTTE STREET is 75 sq meters (808 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Richardson Street | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Richardson Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Richardson Street |
Jun 2024 | Anti-social behaviour | On or near Richardson Street | |
Jun 2024 | Anti-social behaviour | On or near Richardson Street |