£94,880
This estimated value is based upon the latest sale price for the house of £76,000 on 23 Jul 2018. 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 | 23 Jul 2018 |
£47,500 | 18 Dec 2015 |
£59,950 | 23 Jun 2010 |
£82,500 | 15 Sep 2006 |
£25,300 | 12 Feb 1999 |
Flats/Maisonettes |
Freehold |
Floor Area: 74 sq meters or 796 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 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £76,000 results in an estimated price of approximately £94,880.
23 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.9 | 149.7 | 24.843 % | £76,000 | £18,880 | £94,880 |
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 | 57.228 % | £43,493 | £119,493 |
3 Month Average | 33.164 % | £25,204 | £101,204 |
6 Month Average | 16.438 % | £12,493 | £88,493 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2023 | £73,372 | £72,000 | 42A CUMBERLAND STREET |
21 Mar 2023 | £99,156 | £97,500 | 2 CUMBERLAND STREET |
25 Mar 2022 | £83,462 | £79,950 | 33 ALNWICK STREET |
25 Feb 2022 | £87,686 | £83,000 | 28 CUMBERLAND STREET |
28 Jan 2022 | £81,635 | £77,000 | 36 GREY STREET |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 3 Oct 2014. Using an estimated price of £94,881 means this house is valued at £1,282 per sq meter (£119 per sq foot).
The average size of a house on CUMBERLAND STREET is 71 sq meters (767 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Public order | Investigation complete; no suspect identified | On or near Cumberland Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Public order | Under investigation | On or near Durham Street |