£132,350
This estimated value is based upon the latest sale price for the house of £97,000 on 15 Apr 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 |
---|---|
£97,000 | 15 Apr 2016 |
£39,500 | 15 Sep 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 42 sq meters or 452 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.444%.Applying this 36.444% change to the original purchase price of £97,000 results in an estimated price of approximately £132,350.
15 Apr 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
109.7 | 149.7 | 36.444 % | £97,000 | £35,350 | £132,350 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 100.704 % | £97,682 | £194,682 |
3 Month Average | 38.651 % | £37,491 | £134,491 |
6 Month Average | 23.035 % | £22,344 | £119,344 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £156,449 | £153,000 | 46 CLAREMONT ROAD |
27 Feb 2023 | £166,110 | £165,000 | 1 WALLACE STREET |
20 Feb 2023 | £120,807 | £120,000 | FLAT K ASHTREE HOUSE, 3 CLAREMONT ROAD |
10 Feb 2023 | £422,824 | £420,000 | 6 BURNSIDE |
9 Feb 2023 | £176,177 | £175,000 | 24 CLAREMONT ROAD |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 5 Feb 2016. Using an estimated price of £132,351 means this house is valued at £3,151 per sq meter (£292 per sq foot).
The average size of a house on WALLACE STREET is 59 sq meters (641 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Drugs | Awaiting court outcome | On or near Limewood Court |
Jun 2024 | Drugs | Under investigation | On or near Limewood Court |
May 2024 | Anti-social behaviour | On or near Limewood Court | |
May 2024 | Anti-social behaviour | On or near Limewood Court | |
May 2024 | Anti-social behaviour | On or near Limewood Court |