£102,923
This estimated value is based upon the latest sale price for the house of £60,000 on 24 Jan 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£60,000 | 24 Jan 2011 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 703 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 January 2011 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.539%.Applying this 71.539% change to the original purchase price of £60,000 results in an estimated price of approximately £102,923.
24 Jan 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 148.6 | 71.539 % | £60,000 | £42,923 | £102,923 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 130.492 % | £78,295 | £138,295 |
3 Month Average | 24.516 % | £14,709 | £74,709 |
6 Month Average | 28.592 % | £17,155 | £77,155 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £166,456 | £165,000 | 14 ASHBOURNE AVENUE |
14 Apr 2023 | £73,289 | £72,500 | 641 WELBECK ROAD |
5 Aug 2022 | £85,769 | £86,000 | 21 WESTBOURNE AVENUE |
10 Jun 2022 | £65,932 | £65,000 | 96 MIDDLE STREET |
4 Apr 2022 | £49,430 | £48,000 | 98 MIDDLE STREET |
This house has a floor area of 65 sq meters or 703 sq feet when measured on 12 Oct 2009. Using an estimated price of £102,923 means this house is valued at £1,573 per sq meter (£146 per sq foot).
The average size of a house on MIDDLE STREET is 84 sq meters (905 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Under investigation | On or near Philipson Street |
Mar 2024 | Anti-social behaviour | On or near Philipson Street | |
Mar 2024 | Other theft | Under investigation | On or near Philipson Street |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Philipson Street |
Mar 2024 | Anti-social behaviour | On or near Philipson Street |