£122,846
This estimated value is based upon the latest sale price for the house of £53,000 on 8 Aug 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 |
|---|---|
| £53,000 | 8 Aug 2003 |
| £14,500 | 8 Apr 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 710 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 2003 the House Price Index for TYNE AND WEAR was 64.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 131.786%.Applying this 131.786% change to the original purchase price of £53,000 results in an estimated price of approximately £122,846.
| 8 Aug 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 149.7 | 131.786 % | £53,000 | £69,846 | £122,846 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 48.105 % | £25,495 | £78,495 |
| 3 Month Average | 51.969 % | £27,543 | £80,543 |
| 6 Month Average | 67.677 % | £35,868 | £88,868 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £80,701 | £80,000 | 383 OLD DURHAM ROAD |
| 29 Sep 2023 | £55,217 | £54,000 | 30 KITCHENER STREET |
| 20 Jan 2023 | £97,761 | £97,500 | 393 OLD DURHAM ROAD |
| 4 May 2022 | £148,879 | £145,000 | 105 GRANGE TERRACE |
| 4 Mar 2022 | £69,422 | £66,500 | 22 KITCHENER STREET |
This house has a floor area of 65 sq meters or 710 sq feet when measured on 3 Mar 2010. Using an estimated price of £122,847 means this house is valued at £1,862 per sq meter (£173 per sq foot).
The average size of a house on MAFEKING STREET is 101 sq meters (1,097 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Mafeking Street |
| May 2024 | Other theft | Offender given a caution | On or near Methuen Street |
| Apr 2024 | Other theft | Under investigation | On or near Methuen Street |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Methuen Street |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kitchener Street |