£66,931
This estimated value is based upon the latest sale price for the house of £52,500 on 26 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£52,500 | 26 Jul 2017 |
Flats/Maisonettes |
Freehold |
Floor Area: 64 sq meters or 688 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £52,500 results in an estimated price of approximately £66,931.
26 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 148.6 | 27.489 % | £52,500 | £14,431 | £66,931 |
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 | 40.617 % | £21,323 | £73,823 |
3 Month Average | 19.744 % | £10,365 | £62,865 |
6 Month Average | 20.911 % | £10,978 | £63,478 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Mar 2024 | £71,000 | £71,000 | 73 BARRASFORD STREET |
6 Sep 2023 | £38,492 | £38,000 | 66 BARRASFORD STREET |
31 Aug 2023 | £52,459 | £52,000 | 66 GALLANT TERRACE |
31 Mar 2023 | £36,847 | £36,500 | 12 BARRASFORD STREET |
22 Dec 2020 | £42,752 | £37,250 | 6 BARRASFORD STREET |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 6 Jul 2017. Using an estimated price of £66,932 means this house is valued at £1,045 per sq meter (£97 per sq foot).
The average size of a house on BARRASFORD STREET is 69 sq meters (743 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Under investigation | On or near Ingoe Street |
Mar 2024 | Anti-social behaviour | On or near Ingoe Street | |
Mar 2024 | Anti-social behaviour | On or near Ingoe Street | |
Mar 2024 | Anti-social behaviour | On or near Ingoe Street | |
Mar 2024 | Anti-social behaviour | On or near Ingoe Street |