£256,430
This estimated value is based upon the latest sale price for the house of £45,500 on 16 Feb 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£45,500 | 16 Feb 1996 |
Terraced |
Freehold |
Floor Area: 152 sq meters or 1,636 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 February 1996 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.584%.Applying this 463.584% change to the original purchase price of £45,500 results in an estimated price of approximately £256,430.
16 Feb 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 148.6 | 463.584 % | £45,500 | £210,930 | £256,430 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 291.468 % | £132,617 | £178,117 |
3 Month Average | 283.284 % | £128,894 | £174,394 |
6 Month Average | 318.909 % | £145,103 | £190,603 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £229,007 | £225,000 | 1 WIDDRINGTON TERRACE |
29 Nov 2023 | £218,231 | £215,000 | 122 WEST PERCY STREET |
13 Nov 2023 | £279,133 | £275,000 | 8 AYRES TERRACE |
21 Sep 2023 | £86,101 | £85,000 | 11 HOPPER STREET |
28 Jul 2023 | £116,569 | £115,000 | 2 HOPPER STREET |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 23 Jun 2014. Using an estimated price of £256,431 means this house is valued at £1,687 per sq meter (£156 per sq foot).
The average size of a house on SOUTH PRESTON TERRACE is 173 sq meters (1,870 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Albion Road West |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newcastle Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Street |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Street |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cecil Street |