£111,637
This estimated value is based upon the latest sale price for the house of £88,150 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,150 | 15 Dec 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 December 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £88,150 results in an estimated price of approximately £111,637.
| 15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £88,150 | £23,487 | £111,637 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -8.884 % | £-7,830 | £80,319 |
| 3 Month Average | 15.754 % | £13,887 | £102,037 |
| 6 Month Average | 18.804 % | £16,575 | £104,725 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2024 | £234,000 | £234,000 | 56 SPRING GARDENS |
| 16 Jun 2023 | £244,908 | £240,000 | 26 SPRING GARDENS |
| 18 Apr 2023 | £76,430 | £75,000 | 7 SPENCE TERRACE |
| 31 Mar 2023 | £254,246 | £250,000 | 14 HAWKEYS LANE |
| 31 Mar 2023 | £139,327 | £137,000 | 4 HAWKEYS LANE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 11 Aug 2017. Using an estimated price of £111,637 means this house is valued at £1,213 per sq meter (£112 per sq foot).
The average size of a house on SPENCE TERRACE is 69 sq meters (749 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Spring Gardens | |
| Jun 2024 | Anti-social behaviour | On or near Spring Gardens | |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Gardens |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spring Gardens |
| May 2024 | Anti-social behaviour | On or near Spring Gardens |