£163,718
This estimated value is based upon the latest sale price for the house of £160,000 on 19 Oct 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £160,000 | 19 Oct 2023 |
| £108,000 | 28 Apr 2006 |
| £113,000 | 23 May 2005 |
| £52,000 | 24 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
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 October 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £160,000 results in an estimated price of approximately £163,718.
| 19 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £160,000 | £3,718 | £163,718 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -38.232 % | £-61,171 | £98,828 |
| 3 Month Average | -27.781 % | £-44,450 | £115,549 |
| 6 Month Average | -7.361 % | £-11,777 | £148,222 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £198,603 | £192,500 | 21 LISH AVENUE |
| 19 Oct 2023 | £163,718 | £160,000 | 4 ALMA PLACE |
| 30 Aug 2023 | £307,292 | £301,750 | 7 GLADSTONE TERRACE |
| 21 Apr 2023 | £310,813 | £305,000 | 8 LISH AVENUE |
| 3 Feb 2022 | £415,188 | £393,000 | 5 BURNFOOT TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Alma Place | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Alma Place |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Alma Place |
| Apr 2024 | Anti-social behaviour | On or near Alma Place | |
| Apr 2024 | Anti-social behaviour | On or near Alma Place |