£126,603
This estimated value is based upon the latest sale price for the house of £76,000 on 30 Aug 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£76,000 | 30 Aug 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 57 sq meters or 621 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 August 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.584%.Applying this 66.584% change to the original purchase price of £76,000 results in an estimated price of approximately £126,603.
30 Aug 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.9 | 149.7 | 66.584 % | £76,000 | £50,603 | £126,603 |
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 | 50.035 % | £38,026 | £114,026 |
3 Month Average | 37.439 % | £28,453 | £104,453 |
6 Month Average | 20.662 % | £15,703 | £91,703 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Jan 2023 | £80,214 | £80,000 | 158 KINGS ROAD NORTH |
25 Aug 2022 | £150,705 | £150,000 | 24 RAE AVENUE |
30 Jun 2022 | £110,359 | £108,000 | 165 KINGS ROAD NORTH |
22 Apr 2022 | £129,678 | £125,000 | 7 RAE AVENUE |
15 Oct 2021 | £151,595 | £136,000 | 44 RAE AVENUE |
This house has a floor area of 57 sq meters or 621 sq feet when measured on 17 Nov 2010. Using an estimated price of £126,604 means this house is valued at £2,191 per sq meter (£203 per sq foot).
The average size of a house on KINGS ROAD is 111 sq meters (1,205 sq feet).
This house is the smallest in the street with a floor area of 57 sq meters (621 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Rae Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Rae Avenue |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Rae Avenue |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Rae Avenue |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Rae Avenue |