£212,995
This estimated value is based upon the latest sale price for the house of £152,950 on 23 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £152,950 | 23 Nov 2015 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £152,950 results in an estimated price of approximately £212,995.
| 23 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £152,950 | £60,045 | £212,995 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -4.239 % | £-6,483 | £146,466 |
| 3 Month Average | 11.459 % | £17,526 | £170,476 |
| 6 Month Average | 16.628 % | £25,431 | £178,381 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £63,439 | £62,500 | 17 EBOR STREET |
| 29 Nov 2023 | £97,443 | £96,000 | 51 WENLOCK ROAD |
| 18 Aug 2023 | £60,530 | £60,000 | 3 WENLOCK ROAD |
| 17 Feb 2023 | £169,886 | £170,000 | 25 ROBSON CLOSE |
| 3 Aug 2022 | £69,812 | £70,000 | 19 EBOR STREET |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 29 Feb 2016. Using an estimated price of £212,996 means this house is valued at £1,972 per sq meter (£183 per sq foot).
The average size of a house on COLCHESTER STREET is 89 sq meters (967 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Tennant Street | |
| Feb 2024 | Anti-social behaviour | On or near Tennant Street | |
| Feb 2024 | Anti-social behaviour | On or near Tennant Street | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colchester Street |
| Mar 2024 | Anti-social behaviour | On or near Colchester Street |