£222,504
This estimated value is based upon the latest sale price for the house of £180,000 on 29 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£180,000 | 29 May 2019 |
£176,000 | 19 Jan 2007 |
£82,000 | 3 May 2002 |
£57,500 | 3 Jun 1996 |
Terraced |
Freehold |
Floor Area: 122 sq meters or 1,313 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £180,000 results in an estimated price of approximately £222,504.
29 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.6 | 23.614 % | £180,000 | £42,504 | £222,504 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -13.978 % | £-25,161 | £154,838 |
3 Month Average | 0.418 % | £752 | £180,752 |
6 Month Average | 0.253 % | £455 | £180,455 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £225,000 | £225,000 | 16 BANBURY TERRACE |
7 Sep 2023 | £201,071 | £198,500 | 5 WARWICK ROAD |
29 Aug 2023 | £55,485 | £55,000 | 124 MORTIMER ROAD |
21 Aug 2023 | £97,856 | £97,000 | 70 HEPSCOTT TERRACE |
21 Aug 2023 | £184,111 | £182,500 | 50 OXFORD AVENUE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 11 May 2012. Using an estimated price of £222,505 means this house is valued at £1,823 per sq meter (£169 per sq foot).
The average size of a house on WARWICK ROAD is 131 sq meters (1,414 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oxford Avenue |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Aston Street |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Aston Street |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Aston Street |
Jan 2024 | Criminal damage and arson | Under investigation | On or near Aston Street |