£125,774
This estimated value is based upon the latest sale price for the house of £101,000 on 21 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£101,000 | 21 May 2019 |
£109,000 | 22 Aug 2013 |
£114,000 | 4 Dec 2009 |
£97,000 | 16 Jul 2004 |
£39,500 | 23 Jul 2001 |
£36,000 | 1 Jul 1997 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 902 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £101,000 results in an estimated price of approximately £125,774.
21 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 149.7 | 24.529 % | £101,000 | £24,774 | £125,774 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -20.694 % | £-20,900 | £80,099 |
3 Month Average | 8.115 % | £8,196 | £109,196 |
6 Month Average | 3.990 % | £4,030 | £105,030 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £153,724 | £149,000 | 7 MABEL STREET |
12 Dec 2023 | £146,502 | £142,000 | 27 THERESA STREET |
24 Aug 2023 | £116,094 | £114,000 | 18 THERESA STREET |
27 Jun 2023 | £102,045 | £100,000 | 8 THERESA STREET |
27 Jun 2023 | £115,311 | £113,000 | 16 MABEL STREET |
This house has a floor area of 83 sq meters or 902 sq feet when measured on 23 Jun 2009. Using an estimated price of £125,774 means this house is valued at £1,500 per sq meter (£139 per sq foot).
The average size of a house on MABEL STREET is 99 sq meters (1,065 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Mabel Street |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mabel Street |
Jul 2024 | Drugs | Under investigation | On or near East View |