£148,831
This estimated value is based upon the latest sale price for the house of £85,950 on 10 Jan 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,950 | 10 Jan 2012 |
| £83,500 | 9 Oct 2009 |
| £55,000 | 8 May 2002 |
| £25,000 | 13 Aug 1997 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 63 sq meters or 685 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 2012 the House Price Index for TYNE AND WEAR was 86.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.160%.Applying this 73.160% change to the original purchase price of £85,950 results in an estimated price of approximately £148,831.
| 10 Jan 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 149.7 | 73.160 % | £85,950 | £62,881 | £148,831 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 3.337 % | £2,868 | £88,818 |
| 3 Month Average | 12.978 % | £11,154 | £97,104 |
| 6 Month Average | 22.042 % | £18,944 | £104,894 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £121,872 | £120,000 | 43 WESLEY STREET |
| 29 Nov 2023 | £130,410 | £127,100 | 45 ROBSON STREET |
| 9 Oct 2023 | £114,603 | £112,000 | 31 WESLEY STREET |
| 29 Sep 2023 | £151,336 | £148,000 | 38 DEAN STREET |
| 9 Aug 2023 | £132,388 | £130,000 | 47 DEAN STREET |
This house has a floor area of 63 sq meters or 685 sq feet when measured on 3 Jun 2010. Using an estimated price of £148,831 means this house is valued at £2,338 per sq meter (£217 per sq foot).
The average size of a house on ROBSON STREET is 75 sq meters (809 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Louie Terrace |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Wesley Street |
| Jun 2024 | Anti-social behaviour | On or near Wesley Street | |
| Jun 2024 | Anti-social behaviour | On or near Wesley Street | |
| May 2024 | Other crime | Under investigation | On or near Wesley Street |