£97,277
This estimated value is based upon the latest sale price for the house of £90,000 on 21 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£90,000 | 21 Jun 2021 |
£79,000 | 16 Sep 2016 |
Terraced |
Freehold |
Floor Area: 92 sq meters or 990 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 June 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £90,000 results in an estimated price of approximately £97,277.
21 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.5 | 149.7 | 8.087 % | £90,000 | £7,277 | £97,277 |
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 | 7.186 % | £6,467 | £96,467 |
3 Month Average | -12.114 % | £-10,902 | £79,097 |
6 Month Average | -20.021 % | £-18,019 | £71,980 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Mar 2024 | £359,524 | £354,000 | THE KELLY HEDGELEY ROAD |
11 Dec 2023 | £226,923 | £219,950 | 32 MONTROSE CRESCENT |
11 Dec 2023 | £136,185 | £132,000 | 24 WILKINSON GARDENS |
1 Dec 2023 | £105,234 | £102,000 | 7 RALPH STREET |
18 Aug 2023 | £84,015 | £82,500 | 60 SHAKESPEARE AVENUE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 5 Jun 2021. Using an estimated price of £97,278 means this house is valued at £1,057 per sq meter (£98 per sq foot).
The average size of a house on SPENCER STREET is 119 sq meters (1,283 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near West Street |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near West Street |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Barnard Crescent |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Barnard Crescent |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Barnard Crescent |