£80,386
This estimated value is based upon the latest sale price for the house of £53,500 on 19 Dec 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£53,500 | 19 Dec 2014 |
£65,000 | 25 May 2007 |
£25,500 | 11 Nov 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 63 sq meters or 679 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 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £53,500 results in an estimated price of approximately £80,386.
19 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 149.7 | 50.255 % | £53,500 | £26,886 | £80,386 |
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 | 50.687 % | £27,117 | £80,617 |
3 Month Average | 28.871 % | £15,446 | £68,946 |
6 Month Average | 23.226 % | £12,425 | £65,925 |
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 63 sq meters or 679 sq feet when measured on 17 May 2011. Using an estimated price of £80,387 means this house is valued at £1,273 per sq meter (£118 per sq foot).
The average size of a house on CUMBERLAND STREET is 71 sq meters (767 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Public order | Investigation complete; no suspect identified | On or near Cumberland 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 |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Public order | Under investigation | On or near Durham Street |