£343,435
This estimated value is based upon the latest sale price for the house of £145,000 on 19 May 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 19 May 2003 |
| £105,000 | 29 Nov 2001 |
| Terraced |
| Freehold |
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 2003 the House Price Index for TYNE AND WEAR was 62.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 136.852%.Applying this 136.852% change to the original purchase price of £145,000 results in an estimated price of approximately £343,435.
| 19 May 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.7 | 148.6 | 136.852 % | £145,000 | £198,435 | £343,435 |
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 | 110.244 % | £159,853 | £304,853 |
| 3 Month Average | 137.731 % | £199,709 | £344,709 |
| 6 Month Average | 160.003 % | £232,004 | £377,004 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £67,914 | £67,000 | 11 SPENCE TERRACE |
| 16 Jun 2023 | £242,943 | £240,000 | 26 SPRING GARDENS |
| 18 Apr 2023 | £75,816 | £75,000 | 7 SPENCE TERRACE |
| 30 Mar 2023 | £76,723 | £76,000 | 8 CHIRTON WEST VIEW |
| 13 Jul 2022 | £180,486 | £180,000 | 32 SPRING GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Spring Gardens |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Spence Terrace |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Spence Terrace |
| Mar 2024 | Anti-social behaviour | On or near Spence Terrace | |
| Mar 2024 | Anti-social behaviour | On or near Spence Terrace |