£308,719
This estimated value is based upon the latest sale price for the house of £260,000 on 7 Sep 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £260,000 | 7 Sep 2020 |
| Terraced |
| Freehold |
| Floor Area: 140 sq meters or 1,506 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 September 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £260,000 results in an estimated price of approximately £308,719.
| 7 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £260,000 | £48,719 | £308,719 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -5.357 % | £-13,927 | £246,072 |
| 3 Month Average | 22.547 % | £58,621 | £318,621 |
| 6 Month Average | 27.015 % | £70,240 | £330,240 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £201,526 | £198,000 | 135 WHITLEY ROAD |
| 28 Sep 2023 | £417,336 | £412,000 | FLAT A EGREMONT HOUSE EGREMONT PLACE |
| 30 Aug 2023 | £304,413 | £301,750 | 7 GLADSTONE TERRACE |
| 25 Aug 2023 | £418,663 | £415,000 | 12 WATERFORD CRESCENT |
| 12 Jun 2023 | £283,383 | £279,950 | 6 ALEXANDRA TERRACE |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 23 Jun 2020. Using an estimated price of £308,719 means this house is valued at £2,205 per sq meter (£204 per sq foot).
The average size of a house on ALBERT TERRACE is 140 sq meters (1,510 sq feet).
This house is the largest in the street with a floor area of 140 sq meters (1,506 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Algernon Place |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Algernon Place |
| Mar 2024 | Other crime | Under investigation | On or near Algernon Place |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Algernon Place |