£180,180
This estimated value is based upon the latest sale price for the house of £31,950 on 28 Jun 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£31,950 | 28 Jun 1996 |
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 June 1996 the House Price Index for TYNE AND WEAR was 26.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 463.944%.Applying this 463.944% change to the original purchase price of £31,950 results in an estimated price of approximately £180,180.
28 Jun 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.5 | 149.7 | 463.944 % | £31,950 | £148,230 | £180,180 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 177.662 % | £56,762 | £88,712 |
3 Month Average | 295.900 % | £94,540 | £126,490 |
6 Month Average | 289.541 % | £92,508 | £124,458 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Jun 2024 | £245,000 | £245,000 | BESOM HOUSE LITCHFIELD TERRACE |
20 Dec 2023 | £91,821 | £89,000 | 16 FLORENCE STREET |
11 Dec 2023 | £123,804 | £120,000 | 1 FLORENCE STREET |
28 Nov 2023 | £76,953 | £75,000 | 18 MAY STREET |
24 Apr 2023 | £122,287 | £120,000 | 34 EASTLANDS |
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near May Street |
Jul 2024 | Anti-social behaviour | On or near Northlands | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Northlands |
Jul 2024 | Burglary | Under investigation | On or near Northlands |
May 2024 | Anti-social behaviour | On or near Northlands |