£143,855
This estimated value is based upon the latest sale price for the house of £90,000 on 29 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£90,000 | 29 Jun 2007 |
£79,950 | 8 Jun 2007 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £90,000 results in an estimated price of approximately £143,855.
29 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.7 | 149.7 | 59.839 % | £90,000 | £53,855 | £143,855 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -41.754 % | £-37,578 | £52,421 |
3 Month Average | -5.699 % | £-5,129 | £84,870 |
6 Month Average | -0.145 % | £-130 | £89,869 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 May 2024 | £45,500 | £45,500 | 2 BRITANNIA TERRACE |
2 May 2024 | £45,500 | £45,500 | 6 BRITANNIA TERRACE |
9 Nov 2023 | £42,581 | £41,500 | 2 BLUMER STREET |
7 Nov 2023 | £66,693 | £65,000 | 21 DURHAM STREET |
28 Jun 2023 | £66,329 | £65,000 | 9 SOUTH STREET |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 12 Dec 2016. Using an estimated price of £143,855 means this house is valued at £1,798 per sq meter (£167 per sq foot).
The average size of a house on BRITANNIA TERRACE is 89 sq meters (958 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Britannia Terrace |
May 2024 | Violence and sexual offences | Under investigation | On or near Britannia Terrace |
May 2024 | Violence and sexual offences | Under investigation | On or near Britannia Terrace |
May 2024 | Violence and sexual offences | Under investigation | On or near Britannia Terrace |
Jul 2024 | Drugs | Under investigation | On or near South Street |