£62,666
This estimated value is based upon the latest sale price for the house of £45,000 on 30 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £45,000 | 30 Nov 2015 |
| £40,500 | 2 Apr 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 November 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £45,000 results in an estimated price of approximately £62,666.
| 30 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £45,000 | £17,666 | £62,666 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 3.332 % | £1,499 | £46,499 |
| 3 Month Average | -9.885 % | £-4,448 | £40,551 |
| 6 Month Average | 46.362 % | £20,862 | £65,862 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jul 2023 | £177,387 | £175,000 | 54 GREBE CLOSE |
| 10 Mar 2023 | £111,046 | £110,000 | 51 GREBE CLOSE |
| 20 Oct 2022 | £118,722 | £120,000 | 27 GREBE CLOSE |
| 25 Jul 2022 | £96,008 | £95,750 | 7 GREBE CLOSE |
| 22 Jul 2022 | £80,216 | £80,000 | 71 GREBE CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 27 Oct 2015. Using an estimated price of £62,666 means this house is valued at £1,305 per sq meter (£121 per sq foot).
The average size of a house on BERESFORD STREET is 87 sq meters (941 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Railway Street |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Railway Street |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Seymour Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Seymour Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Seymour Street |