£150,608
This estimated value is based upon the latest sale price for the house of £135,000 on 20 Aug 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,000 | 20 Aug 2021 |
| £60,000 | 24 Dec 2003 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 August 2021 the House Price Index for TYNE AND WEAR was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £135,000 results in an estimated price of approximately £150,608.
| 20 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £135,000 | £15,608 | £150,608 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 29.263 % | £39,504 | £174,504 |
| 3 Month Average | -26.268 % | £-35,462 | £99,537 |
| 6 Month Average | -17.778 % | £-24,000 | £110,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £50,000 | £50,000 | 217 VICTORIA ROAD EAST |
| 7 Nov 2023 | £58,364 | £57,500 | 26 JERVIS STREET |
| 6 Nov 2023 | £79,172 | £78,000 | 49 HOWE STREET |
| 3 Jul 2023 | £70,955 | £70,000 | 207 VICTORIA ROAD EAST |
| 14 Apr 2023 | £45,995 | £45,500 | 54 GLADSTONE STREET |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 18 Dec 2019. Using an estimated price of £150,608 means this house is valued at £1,536 per sq meter (£142 per sq foot).
The average size of a house on VICTORIA ROAD EAST is 76 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Frobisher Street |
| Apr 2024 | Anti-social behaviour | On or near Frobisher Street | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Frobisher Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Jubilee Court |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Jubilee Court |