£160,442
This estimated value is based upon the latest sale price for the house of £122,500 on 10 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£122,500 | 10 Feb 2017 |
£36,000 | 17 Apr 1996 |
Terraced |
Freehold |
Floor Area: 85 sq meters or 914 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £122,500 results in an estimated price of approximately £160,442.
10 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £122,500 | £37,942 | £160,442 |
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 | -20.944 % | £-25,656 | £96,843 |
3 Month Average | 30.747 % | £37,665 | £160,165 |
6 Month Average | 32.900 % | £40,302 | £162,802 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £58,905 | £58,000 | 129 CHIRTON WEST VIEW |
3 Nov 2023 | £66,693 | £65,000 | 53 STORMONT STREET |
23 Mar 2023 | £145,937 | £143,500 | 5 HENRY STREET |
20 Jan 2023 | £125,335 | £125,000 | 2 LAUREL HEIGHTS |
18 Nov 2022 | £83,609 | £84,000 | 93 CHIRTON WEST VIEW |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 6 Jun 2016. Using an estimated price of £160,442 means this house is valued at £1,887 per sq meter (£175 per sq foot).
The average size of a house on STORMONT STREET is 75 sq meters (809 sq feet).
This house is the largest in the street with a floor area of 85 sq meters (914 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Hylton Street |
Apr 2024 | Anti-social behaviour | On or near Hylton Street | |
Apr 2024 | Anti-social behaviour | On or near Hylton Street | |
Apr 2024 | Anti-social behaviour | On or near Hylton Street | |
Apr 2024 | Anti-social behaviour | On or near Hylton Street |