£161,987
This estimated value is based upon the latest sale price for the house of £130,000 on 16 Aug 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 |
|---|---|
| £130,000 | 16 Aug 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £130,000 results in an estimated price of approximately £161,987.
| 16 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £130,000 | £31,987 | £161,987 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -5.746 % | £-7,469 | £122,530 |
| 3 Month Average | 18.421 % | £23,947 | £153,947 |
| 6 Month Average | 19.359 % | £25,167 | £155,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 May 2024 | £110,000 | £110,000 | 23 PERCY CRESCENT |
| 24 Nov 2023 | £143,646 | £140,000 | 4 PERCY CRESCENT |
| 27 Jun 2023 | £87,759 | £86,000 | 11 ST JOHNS TERRACE |
| 9 Jun 2023 | £158,170 | £155,000 | 43 ST JOHNS TERRACE |
| 28 Oct 2022 | £64,285 | £64,500 | 12 ST JAMES TERRACE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 16 Feb 2018. Using an estimated price of £161,988 means this house is valued at £1,999 per sq meter (£185 per sq foot).
The average size of a house on NELSON TERRACE is 113 sq meters (1,216 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Nelson Terrace |
| Jun 2024 | Anti-social behaviour | On or near Nelson Terrace | |
| Jun 2024 | Anti-social behaviour | On or near Nelson Terrace | |
| Jul 2024 | Anti-social behaviour | On or near St James' Terrace | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near St James' Terrace |