£112,917
This estimated value is based upon the latest sale price for the house of £95,550 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,550 | 30 Oct 2020 |
| £110,000 | 9 May 2008 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 624 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 October 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £95,550 results in an estimated price of approximately £112,917.
| 30 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £95,550 | £17,367 | £112,917 |
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 | -18.099 % | £-17,293 | £78,256 |
| 3 Month Average | 16.987 % | £16,231 | £111,781 |
| 6 Month Average | 22.099 % | £21,115 | £116,665 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £500,000 | £500,000 | 1 FRONT TERRACE FRONT STREET |
| 19 Dec 2023 | £361,096 | £350,000 | 1 SIMPSON STREET |
| 17 Nov 2023 | £92,344 | £90,000 | 9 MILL CLOSE |
| 3 Oct 2023 | £128,928 | £126,000 | 15 SIMPSON STREET |
| 21 Sep 2023 | £219,846 | £215,000 | 22 BILLY MILL AVENUE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 26 Aug 2020. Using an estimated price of £112,918 means this house is valued at £1,946 per sq meter (£180 per sq foot).
The average size of a house on CHAPEL STREET is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Chapel Street |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Mill Close |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Mill Close |
| Apr 2024 | Public order | Under investigation | On or near Mill Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Eustace Avenue |