£86,048
This estimated value is based upon the latest sale price for the house of £24,200 on 19 Feb 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£24,200 | 19 Feb 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 75 sq meters or 807 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 February 2001 the House Price Index for TYNE AND WEAR was 42.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 255.570%.Applying this 255.570% change to the original purchase price of £24,200 results in an estimated price of approximately £86,048.
19 Feb 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
42.1 | 149.7 | 255.570 % | £24,200 | £61,848 | £86,048 |
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 | 345.325 % | £83,568 | £107,768 |
3 Month Average | 268.895 % | £65,072 | £89,272 |
6 Month Average | 224.326 % | £54,286 | £78,486 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2023 | £73,372 | £72,000 | 42A CUMBERLAND STREET |
21 Mar 2023 | £99,156 | £97,500 | 2 CUMBERLAND STREET |
25 Mar 2022 | £83,462 | £79,950 | 33 ALNWICK STREET |
25 Feb 2022 | £87,686 | £83,000 | 28 CUMBERLAND STREET |
28 Jan 2022 | £81,635 | £77,000 | 36 GREY STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 3 Nov 2015. Using an estimated price of £86,048 means this house is valued at £1,147 per sq meter (£106 per sq foot).
The average size of a house on ALNWICK STREET is 80 sq meters (861 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Cumberland Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Grey Street |