£189,451
This estimated value is based upon the latest sale price for the house of £35,500 on 17 Jan 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,500 | 17 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 January 1997 the House Price Index for TYNE AND WEAR was 27.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 433.667%.Applying this 433.667% change to the original purchase price of £35,500 results in an estimated price of approximately £189,451.
| 17 Jan 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 148.6 | 433.667 % | £35,500 | £153,951 | £189,451 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 412.390 % | £146,398 | £181,898 |
| 3 Month Average | 183.858 % | £65,269 | £100,769 |
| 6 Month Average | 215.787 % | £76,604 | £112,104 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £121,803 | £120,000 | 32 DEVON ROAD |
| 15 Sep 2023 | £111,425 | £110,000 | 17 ELMFIELD ROAD |
| 21 Aug 2023 | £47,415 | £47,000 | 1 CORNWALL ROAD |
| 9 Sep 2022 | £205,342 | £207,000 | 12 BENEDICT LANE |
| 22 Jul 2022 | £290,783 | £290,000 | 110 MONKTON LANE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 28 Nov 2015. Using an estimated price of £189,452 means this house is valued at £2,428 per sq meter (£225 per sq foot).
The average size of a house on SURREY ROAD is 99 sq meters (1,070 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Warwick Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Surrey Road |
| Apr 2024 | Other theft | Under investigation | On or near Devon Road |
| Feb 2024 | Anti-social behaviour | On or near Devon Road | |
| Feb 2024 | Anti-social behaviour | On or near Devon Road |