£117,528
This estimated value is based upon the latest sale price for the house of £88,000 on 28 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Philip Street
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| Price Paid | Date |
|---|---|
| £88,000 | 28 Jun 2016 |
| £16,000 | 30 Jan 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 770 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £88,000 results in an estimated price of approximately £117,528.
| 28 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £88,000 | £29,528 | £117,528 |
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 | 273.588 % | £240,757 | £328,757 |
| 3 Month Average | 40.609 % | £35,736 | £123,736 |
| 6 Month Average | 41.131 % | £36,194 | £124,194 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £100,000 | £100,000 | 150 STANTON STREET |
| 15 Sep 2023 | £72,933 | £72,000 | 6 PHILIP PLACE |
| 30 Jun 2023 | £80,981 | £80,000 | 258 BAXTERWOOD COURT STANHOPE STREET |
| 27 Jan 2023 | £86,094 | £86,500 | 152 TAMWORTH ROAD |
| 27 Jan 2023 | £94,555 | £95,000 | 150 TAMWORTH ROAD |
This house has a floor area of 71 sq meters or 770 sq feet when measured on 13 Oct 2010. Using an estimated price of £117,528 means this house is valued at £1,640 per sq meter (£152 per sq foot).
The average size of a house on BEACONSFIELD STREET is 79 sq meters (852 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Philip Street |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Philip Street |
| Apr 2024 | Anti-social behaviour | On or near Philip Street | |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Philip Street |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Philip Street |