£424,088
This estimated value is based upon the latest sale price for the house of £340,000 on 23 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£340,000 | 23 May 2018 |
£285,000 | 11 Mar 2011 |
£145,000 | 9 Jul 2001 |
£85,000 | 3 Nov 2000 |
Terraced |
Freehold |
Floor Area: 209 sq meters or 2,251 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £340,000 results in an estimated price of approximately £424,088.
23 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £340,000 | £84,088 | £424,088 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 73.264 % | £249,097 | £589,097 |
3 Month Average | 15.497 % | £52,690 | £392,690 |
6 Month Average | 25.684 % | £87,324 | £427,324 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £132,156 | £131,000 | FLAT 3 12 ROTHBURY TERRACE |
7 Aug 2023 | £166,456 | £165,000 | 184 SIMONSIDE TERRACE |
3 Jul 2023 | £420,662 | £415,000 | 15 ROTHBURY TERRACE |
14 Apr 2022 | £329,536 | £320,000 | 27 ROTHBURY TERRACE |
9 Mar 2022 | £129,533 | £125,000 | 34 SIMONSIDE TERRACE |
This house has a floor area of 209 sq meters or 2,251 sq feet when measured on 2 Aug 2010. Using an estimated price of £424,089 means this house is valued at £2,027 per sq meter (£188 per sq foot).
The average size of a house on SIMONSIDE TERRACE is 88 sq meters (948 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Burlington Gardens |
Mar 2024 | Anti-social behaviour | On or near Burlington Gardens | |
Mar 2024 | Anti-social behaviour | On or near Burlington Gardens | |
Mar 2024 | Anti-social behaviour | On or near Burlington Gardens | |
Feb 2024 | Other theft | Under investigation | On or near Burlington Gardens |