£65,419
This estimated value is based upon the latest sale price for the house of £57,000 on 16 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£57,000 | 16 Dec 2020 |
£38,000 | 31 Oct 2003 |
£38,000 | 31 Oct 2003 |
£23,500 | 1 Sep 2000 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 December 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £57,000 results in an estimated price of approximately £65,419.
16 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 148.6 | 14.771 % | £57,000 | £8,419 | £65,419 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 14.446 % | £8,233 | £65,233 |
3 Month Average | 8.674 % | £4,944 | £61,944 |
6 Month Average | 12.713 % | £7,246 | £64,246 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Mar 2024 | £53,500 | £53,500 | 8 GRASSWELL TERRACE |
8 Sep 2023 | £79,010 | £78,000 | 7 RUBY STREET |
29 Mar 2023 | £60,571 | £60,000 | 20 LUMLEY STREET |
24 Feb 2023 | £70,952 | £71,000 | 4 LUMLEY STREET |
2 Feb 2023 | £85,942 | £86,000 | 2 HYLTON STREET |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 16 Aug 2020. Using an estimated price of £65,420 means this house is valued at £817 per sq meter (£75 per sq foot).
The average size of a house on LUMLEY STREET is 85 sq meters (917 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Lumley Street |
Apr 2024 | Public order | Under investigation | On or near Chester Street |
Apr 2024 | Drugs | Under investigation | On or near Chester Street |
Apr 2024 | Vehicle crime | Under investigation | On or near Chester Street |
Apr 2024 | Vehicle crime | Under investigation | On or near Chester Street |