£224,914
This estimated value is based upon the latest sale price for the house of £194,000 on 20 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £194,000 | 20 Nov 2020 |
| Flats/Maisonettes |
| Leasehold |
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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £194,000 results in an estimated price of approximately £224,914.
| 20 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £194,000 | £30,914 | £224,914 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | -73.657 % | £-142,894 | £51,105 |
| 3 Month Average | -0.231 % | £-447 | £193,552 |
| 6 Month Average | -7.281 % | £-14,125 | £179,874 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £115,713 | £114,000 | 7 SALLYPORT HOUSE CITY ROAD |
| 11 Sep 2023 | £139,230 | £137,450 | 5 LOVE LANE |
| 30 Jun 2023 | £318,862 | £315,000 | 26 LOVE LANE |
| 18 Oct 2022 | £247,337 | £250,000 | 12 MILK MARKET |
| 21 Apr 2022 | £113,278 | £110,000 | 24 LOVE LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Causey Bank |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Anti-social behaviour | On or near Parking Area |