£194,084
This estimated value is based upon the latest sale price for the house of £80,000 on 17 Mar 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 17 Mar 2003 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 March 2003 the House Price Index for TYNE AND WEAR was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £80,000 results in an estimated price of approximately £194,084.
| 17 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 148.6 | 142.606 % | £80,000 | £114,084 | £194,084 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 87.709 % | £70,166 | £150,166 |
| 3 Month Average | 104.923 % | £83,938 | £163,938 |
| 6 Month Average | 109.681 % | £87,745 | £167,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Aug 2023 | £121,059 | £120,000 | 94 ROMAN ROAD |
| 15 Mar 2023 | £156,474 | £155,000 | 12 TRAJAN STREET |
| 3 Feb 2023 | £184,876 | £185,000 | 27 VESPASIAN STREET |
| 27 Jan 2023 | £90,573 | £91,000 | 20 JULIAN STREET |
| 8 Mar 2022 | £79,274 | £76,500 | 5 JULIAN STREET |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 22 Jun 2012. Using an estimated price of £194,085 means this house is valued at £1,902 per sq meter (£176 per sq foot).
The average size of a house on FORT STREET is 101 sq meters (1,096 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Trajan Street |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Vespasian Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vespasian Street |
| Jan 2024 | Anti-social behaviour | On or near Vespasian Street | |
| Jan 2024 | Anti-social behaviour | On or near Vespasian Street |