£74,441
This estimated value is based upon the latest sale price for the house of £29,000 on 28 Nov 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £29,000 | 28 Nov 2002 |
| £25,000 | 11 May 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 709 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 November 2002 the House Price Index for TYNE AND WEAR was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £29,000 results in an estimated price of approximately £74,441.
| 28 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.6 | 156.695 % | £29,000 | £45,441 | £74,441 |
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 | 152.616 % | £44,258 | £73,258 |
| 3 Month Average | 156.317 % | £45,331 | £74,331 |
| 6 Month Average | 181.550 % | £52,649 | £81,649 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £71,000 | £71,000 | 73 BARRASFORD STREET |
| 6 Sep 2023 | £38,492 | £38,000 | 66 BARRASFORD STREET |
| 18 Aug 2023 | £75,662 | £75,000 | 24 BAIRD AVENUE |
| 31 Mar 2023 | £36,847 | £36,500 | 12 BARRASFORD STREET |
| 4 May 2022 | £96,824 | £95,000 | 41 TELFORD STREET |
This house has a floor area of 65 sq meters or 709 sq feet when measured on 19 Dec 2008. Using an estimated price of £74,442 means this house is valued at £1,129 per sq meter (£104 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Telford Court |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Frater Terrace |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Baird Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Baird Avenue |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Ingoe Street |