£328,097
This estimated value is based upon the latest sale price for the house of £283,000 on 25 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £283,000 | 25 Nov 2020 |
| £283,000 | 28 Nov 2019 |
| £93,000 | 25 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £283,000 results in an estimated price of approximately £328,097.
| 25 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £283,000 | £45,097 | £328,097 |
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 | -3.839 % | £-10,865 | £272,134 |
| 3 Month Average | 9.518 % | £26,934 | £309,934 |
| 6 Month Average | 24.299 % | £68,766 | £351,766 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Mar 2023 | £464,375 | £460,000 | 48 ALMA PLACE |
| 20 Jan 2023 | £293,617 | £295,000 | 46A ALMA PLACE |
| 19 Jan 2023 | £99,531 | £100,000 | 36 ETAL COURT |
| 3 Aug 2022 | £360,530 | £361,500 | 25 WATERLOO PLACE |
| 8 Jul 2022 | £379,271 | £378,250 | 37 CLEVELAND ROAD |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 17 Jan 2019. Using an estimated price of £328,097 means this house is valued at £2,172 per sq meter (£201 per sq foot).
The average size of a house on ALMA PLACE is 156 sq meters (1,687 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 |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cleveland Crescent |