£88,857
This estimated value is based upon the latest sale price for the house of £68,000 on 6 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £68,000 | 6 Jan 2017 |
| £105,000 | 16 Feb 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £68,000 results in an estimated price of approximately £88,857.
| 6 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £68,000 | £20,857 | £88,857 |
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 | 118.830 % | £80,804 | £148,804 |
| 3 Month Average | 3.171 % | £2,156 | £70,156 |
| 6 Month Average | 17.756 % | £12,074 | £80,074 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jun 2023 | £53,144 | £52,500 | 91 TWEED STREET |
| 3 Apr 2023 | £68,740 | £68,000 | 23 VICTORIA ROAD EAST |
| 31 Mar 2023 | £78,237 | £77,500 | 25 VICTORIA ROAD EAST |
| 24 Mar 2023 | £85,808 | £85,000 | 44 WHICKHAM ROAD |
| 18 Nov 2022 | £224,777 | £227,500 | 15 HALL ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 22 Jan 2013. Using an estimated price of £88,858 means this house is valued at £1,139 per sq meter (£105 per sq foot).
The average size of a house on VICTORIA ROAD EAST is 76 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Quarry Road | |
| Apr 2024 | Shoplifting | Under investigation | On or near Park Road |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Park Road |
| Feb 2024 | Anti-social behaviour | On or near Quarry Road | |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Park Road |