£113,651
This estimated value is based upon the latest sale price for the house of £72,000 on 28 Feb 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £72,000 | 28 Feb 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 February 2008 the House Price Index for TYNE AND WEAR was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £72,000 results in an estimated price of approximately £113,651.
| 28 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £72,000 | £41,651 | £113,651 |
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 | 40.911 % | £29,456 | £101,456 |
| 3 Month Average | 11.658 % | £8,393 | £80,393 |
| 6 Month Average | 10.546 % | £7,593 | £79,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £190,000 | £190,000 | 18 HALL ROAD |
| 22 Mar 2024 | £42,655 | £42,000 | 39 VICTORIA ROAD EAST |
| 1 Mar 2024 | £203,121 | £200,000 | 11 - 13 VICTORIA ROAD EAST |
| 27 Oct 2023 | £76,743 | £75,000 | 31 VICTORIA ROAD EAST |
| 27 Jun 2023 | £53,574 | £52,500 | 91 TWEED STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 21 Nov 2013. Using an estimated price of £113,651 means this house is valued at £1,671 per sq meter (£155 per sq foot).
The average size of a house on VICTORIA ROAD EAST is 76 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Park Road |
| May 2024 | Public order | Under investigation | On or near Park Road |
| May 2024 | Public order | Under investigation | On or near Park Road |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Park Road |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Park Road |