£172,009
This estimated value is based upon the latest sale price for the house of £126,000 on 12 Feb 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£126,000 | 12 Feb 2016 |
£81,000 | 31 Jul 2001 |
£57,000 | 3 Apr 1998 |
£45,500 | 17 Nov 1995 |
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 February 2016 the House Price Index for TYNE AND WEAR was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £126,000 results in an estimated price of approximately £172,009.
12 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
108.9 | 148.6 | 36.515 % | £126,000 | £46,009 | £172,009 |
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 | 8.380 % | £10,558 | £136,558 |
3 Month Average | -49.973 % | £-62,965 | £63,034 |
6 Month Average | -19.334 % | £-24,360 | £101,639 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £149,717 | £147,500 | 2C KING STREET |
24 Nov 2023 | £126,878 | £125,000 | 22 MANOR CHARE APARTMENTS MANOR CHARE |
18 Aug 2023 | £89,785 | £89,000 | 23E QUEEN STREET |
19 Oct 2022 | £174,125 | £176,000 | 9B AKENSIDE HILL |
8 Apr 2022 | £97,831 | £95,000 | 2J KING STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 18 Jun 2015. Using an estimated price of £172,009 means this house is valued at £2,492 per sq meter (£231 per sq foot).
The average size of a house on KING STREET is 107 sq meters (1,159 sq feet).
This house is the smallest in the street with a floor area of 69 sq meters (742 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near King Street | |
Jan 2024 | Anti-social behaviour | On or near King Street | |
Jan 2024 | Anti-social behaviour | On or near King Street | |
Jan 2024 | Anti-social behaviour | On or near King Street | |
Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Broad Garth |