£185,969
This estimated value is based upon the latest sale price for the house of £119,400 on 23 May 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£119,400 | 23 May 2014 |
£64,950 | 5 Sep 2002 |
£37,000 | 20 Nov 1998 |
£32,000 | 1 May 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 118 sq meters or 1,270 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 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £119,400 results in an estimated price of approximately £185,969.
23 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 149.7 | 55.753 % | £119,400 | £66,569 | £185,969 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 33.114 % | £39,537 | £158,937 |
3 Month Average | 48.319 % | £57,692 | £177,092 |
6 Month Average | 52.102 % | £62,209 | £181,609 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Apr 2024 | £342,978 | £340,000 | 5 VICTORIA TERRACE |
21 Jun 2023 | £117,352 | £115,000 | 64 CLIFTON TERRACE |
16 Jun 2023 | £341,851 | £335,000 | 14 VICTORIA TERRACE |
12 Jun 2023 | £326,544 | £320,000 | 28 VICTORIA TERRACE |
28 Apr 2023 | £183,380 | £179,950 | 29 VICTORIA TERRACE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 4 Jul 2013. Using an estimated price of £185,969 means this house is valued at £1,576 per sq meter (£146 per sq foot).
The average size of a house on VICTORIA TERRACE is 109 sq meters (1,178 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Public order | Awaiting court outcome | On or near Clifton Terrace |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Clifton Terrace |
Jun 2024 | Anti-social behaviour | On or near Victoria Terrace | |
Jun 2024 | Anti-social behaviour | On or near Victoria Terrace | |
May 2024 | Violence and sexual offences | Under investigation | On or near Victoria Terrace |