£65,664
This estimated value is based upon the latest sale price for the house of £38,000 on 1 Jul 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £38,000 | 1 Jul 2011 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 July 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £38,000 results in an estimated price of approximately £65,664.
| 1 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £38,000 | £27,664 | £65,664 |
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 | 26.471 % | £10,058 | £48,058 |
| 3 Month Average | 37.132 % | £14,110 | £52,110 |
| 6 Month Average | 55.506 % | £21,092 | £59,092 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Mar 2023 | £464,375 | £460,000 | 48 ALMA PLACE |
| 22 Feb 2023 | £306,590 | £306,796 | 12 ALMA PLACE |
| 20 Jan 2023 | £293,617 | £295,000 | 46A ALMA PLACE |
| 3 Aug 2022 | £360,530 | £361,500 | 25 WATERLOO PLACE |
| 23 May 2022 | £372,010 | £365,000 | 31 CLEVELAND ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 13 Nov 2012. Using an estimated price of £65,664 means this house is valued at £1,094 per sq meter (£101 per sq foot).
The average size of a house on WATERLOO PLACE is 103 sq meters (1,115 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Waterloo Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Waterloo Place |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Preston Mews |