£499,745
This estimated value is based upon the latest sale price for the house of £295,000 on 16 Jul 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£295,000 | 16 Jul 2010 |
Detached |
Freehold |
Floor Area: 116 sq meters or 1,253 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 2010 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.405%.Applying this 69.405% change to the original purchase price of £295,000 results in an estimated price of approximately £499,745.
16 Jul 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.7 | 148.6 | 69.405 % | £295,000 | £204,745 | £499,745 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 26.909 % | £79,380 | £374,380 |
3 Month Average | 55.162 % | £162,728 | £457,728 |
6 Month Average | 44.823 % | £132,228 | £427,228 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Aug 2023 | £418,663 | £415,000 | 13 RICHMOND TERRACE |
17 Apr 2023 | £601,476 | £595,000 | 22 HOBART |
24 Feb 2023 | £314,788 | £315,000 | 24 CLAREMONT ROAD |
16 Jan 2023 | £517,562 | £520,000 | 13 GRASMERE CRESCENT |
22 Dec 2021 | £254,934 | £237,950 | 18 CLAREMONT ROAD |
This house has a floor area of 116 sq meters or 1,253 sq feet when measured on 16 Apr 2010. Using an estimated price of £499,745 means this house is valued at £4,290 per sq meter (£398 per sq foot).
The average size of a house on HOBART is 154 sq meters (1,667 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Madeira Avenue |
Mar 2024 | Other theft | Under investigation | On or near Shaftesbury Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Shaftesbury Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Shaftesbury Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Shaftesbury Avenue |