£78,413
This estimated value is based upon the latest sale price for the house of £63,500 on 7 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£63,500 | 7 Sep 2018 |
Terraced |
Freehold |
Floor Area: 122 sq meters or 1,313 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 September 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £63,500 results in an estimated price of approximately £78,413.
7 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.487 % | £63,500 | £14,913 | £78,413 |
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 | 7.021 % | £4,458 | £67,958 |
3 Month Average | 10.910 % | £6,927 | £70,427 |
6 Month Average | 8.962 % | £5,690 | £69,190 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £148,904 | £147,000 | 12 MILLERS HILL |
1 Sep 2023 | £140,294 | £138,500 | 71 BARNWELL VIEW |
4 Aug 2023 | £271,374 | £269,000 | BRINKBURN |
14 Jul 2023 | £253,411 | £250,000 | THE SAWMILLS |
2 Jun 2023 | £46,564 | £46,000 | 23 MEADOW TERRACE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 5 Oct 2017. Using an estimated price of £78,414 means this house is valued at £642 per sq meter (£59 per sq foot).
The average size of a house on MILLERS HILL is 99 sq meters (1,071 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Devon Street |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Surrey Place |
Apr 2024 | Anti-social behaviour | On or near Elm Grove | |
Mar 2024 | Anti-social behaviour | On or near Elm Grove | |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elm Grove |