£214,540
This estimated value is based upon the latest sale price for the house of £170,000 on 4 Oct 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 |
|---|---|
| £170,000 | 4 Oct 2017 |
| Terraced |
| Freehold |
| Floor Area: 189 sq meters or 2,034 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 October 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £170,000 results in an estimated price of approximately £214,540.
| 4 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £170,000 | £44,540 | £214,540 |
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 | 1.376 % | £2,338 | £172,338 |
| 3 Month Average | 14.826 % | £25,204 | £195,204 |
| 6 Month Average | 27.388 % | £46,560 | £216,560 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £384,659 | £380,000 | 20 SPRING TERRACE |
| 20 Mar 2023 | £252,378 | £250,000 | 18 ALBION ROAD |
| 10 Mar 2023 | £464,375 | £460,000 | 48 ALMA PLACE |
| 22 Feb 2023 | £306,590 | £306,796 | 12 ALMA PLACE |
| 20 Jan 2023 | £293,617 | £295,000 | 46A ALMA PLACE |
This house has a floor area of 189 sq meters or 2,034 sq feet when measured on 15 Jun 2017. Using an estimated price of £214,540 means this house is valued at £1,135 per sq meter (£105 per sq foot).
The average size of a house on FRANK PLACE is 167 sq meters (1,803 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Frank Place |
| Apr 2024 | Anti-social behaviour | On or near Albion Road | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Albion Road |
| Apr 2024 | Anti-social behaviour | On or near Albion Road | |
| Mar 2024 | Anti-social behaviour | On or near Albion Road |