£154,029
This estimated value is based upon the latest sale price for the house of £125,000 on 22 May 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 |
---|---|
£125,000 | 22 May 2020 |
£125,000 | 23 Oct 2015 |
£96,000 | 18 Aug 2006 |
Terraced |
Freehold |
Floor Area: 72 sq meters or 775 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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £125,000 results in an estimated price of approximately £154,029.
22 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.224 % | £125,000 | £29,029 | £154,029 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 25.805 % | £32,256 | £157,256 |
3 Month Average | 6.500 % | £8,125 | £133,125 |
6 Month Average | 9.199 % | £11,498 | £136,498 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £159,037 | £155,000 | 5 OAKWOOD CLOSE |
16 Nov 2023 | £208,287 | £203,000 | 6 FELL ROAD |
10 Nov 2023 | £153,855 | £149,950 | 5 LISMORE TERRACE |
10 Nov 2023 | £87,214 | £85,000 | 7 FERNDALE TERRACE |
3 Nov 2023 | £210,339 | £205,000 | 68 BEECH GROVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 25 Jan 2020. Using an estimated price of £154,029 means this house is valued at £2,139 per sq meter (£198 per sq foot).
The average size of a house on ALBION TERRACE is 84 sq meters (911 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Fell Road |
Apr 2024 | Other crime | Under investigation | On or near Fell Road |
Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Oakwood Close |
May 2024 | Vehicle crime | Awaiting court outcome | On or near Oakwood Close |
Jun 2024 | Anti-social behaviour | On or near Charlbury Close |