£116,669
This estimated value is based upon the latest sale price for the house of £68,000 on 14 Aug 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£68,000 | 14 Aug 2012 |
Terraced |
Freehold |
Floor Area: 110 sq meters or 1,184 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 August 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £68,000 results in an estimated price of approximately £116,669.
14 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 149.7 | 71.573 % | £68,000 | £48,669 | £116,669 |
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 | 57.939 % | £39,398 | £107,398 |
3 Month Average | 34.188 % | £23,247 | £91,247 |
6 Month Average | 19.949 % | £13,565 | £81,565 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £155,387 | £153,000 | 109 RICHARDSON STREET |
20 Oct 2023 | £46,046 | £45,000 | 146 CHARLOTTE STREET |
29 Sep 2023 | £51,127 | £50,000 | 104 CHARLOTTE STREET |
3 Aug 2023 | £132,388 | £130,000 | 81 RICHARDSON STREET |
17 Feb 2023 | £142,955 | £142,000 | 98 RICHARDSON STREET |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 16 Apr 2012. Using an estimated price of £116,670 means this house is valued at £1,060 per sq meter (£98 per sq foot).
The average size of a house on CHARLOTTE STREET is 75 sq meters (808 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Richardson Street | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Richardson Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Richardson Street |
Jun 2024 | Anti-social behaviour | On or near Richardson Street | |
Jun 2024 | Anti-social behaviour | On or near Richardson Street |