£100,237
This estimated value is based upon the latest sale price for the house of £55,000 on 14 Oct 2005. 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 Alnwick Street
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Price Paid | Date |
---|---|
£55,000 | 14 Oct 2005 |
£29,000 | 11 Jul 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 742 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 October 2005 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.250%.Applying this 82.250% change to the original purchase price of £55,000 results in an estimated price of approximately £100,237.
14 Oct 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.5 | 148.6 | 82.250 % | £55,000 | £45,237 | £100,237 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 49.719 % | £27,345 | £82,345 |
3 Month Average | 28.632 % | £15,747 | £70,747 |
6 Month Average | 37.301 % | £20,515 | £75,515 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Jul 2023 | £81,091 | £80,000 | 44 GREY STREET |
5 Apr 2023 | £72,784 | £72,000 | 42A CUMBERLAND STREET |
21 Mar 2023 | £98,427 | £97,500 | 2 CUMBERLAND STREET |
25 Mar 2022 | £82,849 | £79,950 | 33 ALNWICK STREET |
25 Feb 2022 | £87,042 | £83,000 | 28 CUMBERLAND STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 16 Dec 2015. Using an estimated price of £100,238 means this house is valued at £1,452 per sq meter (£134 per sq foot).
The average size of a house on GREY STREET is 81 sq meters (872 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Under investigation | On or near Alnwick Street |
Feb 2024 | Anti-social behaviour | On or near Percy Street | |
Feb 2024 | Anti-social behaviour | On or near Percy Street | |
Feb 2024 | Anti-social behaviour | On or near Percy Street |