£50,807
This estimated value is based upon the latest sale price for the house of £40,800 on 31 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Shafto Street
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Price Paid | Date |
---|---|
£40,800 | 31 May 2019 |
£26,000 | 13 May 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 64 sq meters or 688 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 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £40,800 results in an estimated price of approximately £50,807.
31 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 149.7 | 24.529 % | £40,800 | £10,007 | £50,807 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 56.431 % | £23,023 | £63,823 |
3 Month Average | 22.141 % | £9,033 | £49,833 |
6 Month Average | 7.483 % | £3,052 | £43,852 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Oct 2022 | £54,817 | £55,000 | 48 SHAFTO STREET |
24 Oct 2022 | £54,817 | £55,000 | 50 SHAFTO STREET |
24 Aug 2022 | £73,343 | £73,000 | 38 SHAFTO STREET |
8 Feb 2022 | £137,339 | £130,000 | 3 SHAFTO STREET |
14 Jan 2022 | £76,864 | £72,500 | 2 HORNSBY COURT |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 15 Dec 2014. Using an estimated price of £50,808 means this house is valued at £793 per sq meter (£73 per sq foot).
The average size of a house on SHAFTO STREET is 73 sq meters (787 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Shafto Street |
Jun 2024 | Burglary | Under investigation | On or near Shafto Street |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Archer Street |
Jun 2024 | Other crime | Investigation complete; no suspect identified | On or near Archer Street |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Archer Street |