£79,258
This estimated value is based upon the latest sale price for the house of £60,000 on 6 Dec 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£60,000 | 6 Dec 2016 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £60,000 results in an estimated price of approximately £79,258.
6 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.3 | 149.7 | 32.097 % | £60,000 | £19,258 | £79,258 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 51.758 % | £31,054 | £91,054 |
3 Month Average | 34.597 % | £20,758 | £80,758 |
6 Month Average | 20.595 % | £12,357 | £72,357 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £66,014 | £65,000 | 42 CHATTON STREET |
7 Mar 2024 | £72,108 | £71,000 | 73 BARRASFORD STREET |
6 Sep 2023 | £38,857 | £38,000 | 66 BARRASFORD STREET |
31 Mar 2023 | £37,120 | £36,500 | 12 BARRASFORD STREET |
4 May 2022 | £97,541 | £95,000 | 41 TELFORD STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 6 Sep 2016. Using an estimated price of £79,258 means this house is valued at £800 per sq meter (£74 per sq foot).
The average size of a house on TELFORD STREET is 126 sq meters (1,361 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Telford Street |
Jul 2024 | Anti-social behaviour | On or near Ingoe Street | |
Jul 2024 | Anti-social behaviour | On or near Ingoe Street | |
Jun 2024 | Anti-social behaviour | On or near Ingoe Street | |
Jun 2024 | Anti-social behaviour | On or near Ingoe Street |