£61,874
This estimated value is based upon the latest sale price for the house of £61,000 on 15 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £61,000 | 15 Jun 2022 |
| £25,000 | 19 Aug 2020 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 June 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £61,000 results in an estimated price of approximately £61,874.
| 15 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.6 | 1.433 % | £61,000 | £874 | £61,874 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 131.155 % | £80,004 | £141,004 |
| 3 Month Average | 5.845 % | £3,565 | £64,565 |
| 6 Month Average | 7.097 % | £4,329 | £65,329 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2023 | £60,819 | £60,000 | 93 ADELAIDE TERRACE |
| 29 Mar 2023 | £70,666 | £70,000 | 127 ETHEL STREET |
| 29 Mar 2023 | £50,476 | £50,000 | 125 ETHEL STREET |
| 8 Mar 2023 | £504,755 | £500,000 | UNIT 1 95 - 109 ADELAIDE TERRACE |
| 2 Mar 2023 | £323,043 | £320,000 | 44 ADELAIDE TERRACE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 30 Jun 2020. Using an estimated price of £61,874 means this house is valued at £1,289 per sq meter (£119 per sq foot).
The average size of a house on CLARA STREET is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Clara Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Clara Street |