£347,572
This estimated value is based upon the latest sale price for the house of £75,000 on 4 Nov 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 4 Nov 1998 |
| Terraced |
| Freehold |
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 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.431%.Applying this 363.431% change to the original purchase price of £75,000 results in an estimated price of approximately £347,572.
| 4 Nov 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.431 % | £75,000 | £272,572 | £347,572 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 313.623 % | £235,217 | £310,217 |
| 3 Month Average | 258.768 % | £194,075 | £269,075 |
| 6 Month Average | 232.142 % | £174,106 | £249,106 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £122,311 | £120,500 | 20 MIDDLETON COURT HUTTON TERRACE |
| 22 Sep 2023 | £207,655 | £205,000 | FLAT 6 4 OSBORNE TERRACE |
| 15 Sep 2023 | £160,401 | £158,350 | 24 MIDDLETON COURT HUTTON TERRACE |
| 25 Aug 2023 | £143,253 | £142,000 | 10 MIDDLETON COURT HUTTON TERRACE |
| 17 Aug 2023 | £176,544 | £175,000 | 16 MIDDLETON COURT HUTTON TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Hutton Terrace |
| Feb 2024 | Anti-social behaviour | On or near Portland Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Portland Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Portland Terrace |