£138,838
This estimated value is based upon the latest sale price for the house of £103,500 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £103,500 | 1 Jul 2016 |
| £36,250 | 15 Nov 1996 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £103,500 results in an estimated price of approximately £138,838.
| 1 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £103,500 | £35,338 | £138,838 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -28.183 % | £-29,169 | £74,330 |
| 3 Month Average | 10.157 % | £10,512 | £114,012 |
| 6 Month Average | 10.168 % | £10,523 | £114,023 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £64,464 | £63,000 | 6 WALLIS STREET |
| 11 Oct 2023 | £86,924 | £84,950 | 6 ROSE STREET EAST |
| 30 Jun 2023 | £91,330 | £89,500 | 11 ALEXANDRA TERRACE |
| 10 Jun 2022 | £141,014 | £138,000 | 2 TULIP COURT |
| 26 Apr 2022 | £59,652 | £57,500 | 9 ROSE STREET WEST |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 20 Apr 2016. Using an estimated price of £138,838 means this house is valued at £1,509 per sq meter (£140 per sq foot).
There is one other house on the street which we know the size of, this is 3 NEW RAINTON STREET it is 101.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rainton Street |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Penshaw Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Penshaw Lane |
| Apr 2024 | Public order | Awaiting court outcome | On or near Penshaw Lane |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Garden Place |