£121,836
This estimated value is based upon the latest sale price for the house of £69,950 on 18 Jul 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£69,950 | 18 Jul 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 66 sq meters or 710 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 July 2006 the House Price Index for TYNE AND WEAR was 85.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.177%.Applying this 74.177% change to the original purchase price of £69,950 results in an estimated price of approximately £121,836.
18 Jul 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.9 | 149.7 | 74.177 % | £69,950 | £51,886 | £121,836 |
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 | 74.006 % | £51,766 | £121,716 |
3 Month Average | 40.383 % | £28,247 | £98,197 |
6 Month Average | 30.787 % | £21,535 | £91,485 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £41,217 | £39,950 | 4 VICTORIA STREET |
13 Oct 2023 | £78,278 | £76,500 | 12 VICTORIA STREET |
12 Jan 2023 | £33,088 | £33,000 | 36 VICTORIA STREET |
22 Aug 2022 | £68,822 | £68,500 | 129 PRINCE CONSORT ROAD |
8 Apr 2022 | £98,555 | £95,000 | 28 PRICE STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 5 Aug 2020. Using an estimated price of £121,837 means this house is valued at £1,846 per sq meter (£171 per sq foot).
The average size of a house on VICTORIA STREET is 70 sq meters (755 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Edward Street | |
Jun 2024 | Anti-social behaviour | On or near Edward Street | |
Apr 2024 | Anti-social behaviour | On or near Edward Street | |
Apr 2024 | Anti-social behaviour | On or near Edward Street | |
Apr 2024 | Anti-social behaviour | On or near Edward Street |