£72,408
This estimated value is based upon the latest sale price for the house of £45,000 on 24 Jan 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 |
---|---|
£45,000 | 24 Jan 2014 |
Terraced |
Freehold |
Floor Area: 79 sq meters or 850 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 January 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £45,000 results in an estimated price of approximately £72,408.
24 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.0 | 149.7 | 60.908 % | £45,000 | £27,408 | £72,408 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | 10.973 % | £4,937 | £49,937 |
3 Month Average | 23.835 % | £10,725 | £55,725 |
6 Month Average | 44.635 % | £20,085 | £65,085 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Dec 2023 | £129,994 | £126,000 | 4 OSWALD CLOSE |
20 Oct 2023 | £120,742 | £118,000 | 130 CHARLES STREET |
13 Oct 2023 | £143,254 | £140,000 | 136 CHARLES STREET |
7 Sep 2023 | £173,832 | £170,000 | 19 OSWALD CLOSE |
23 Jun 2023 | £79,085 | £77,500 | 5 ERNEST STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 15 Oct 2013. Using an estimated price of £72,408 means this house is valued at £916 per sq meter (£85 per sq foot).
The average size of a house on REGINALD STREET is 95 sq meters (1,029 sq feet).
This house is the largest in the street with a floor area of 79 sq meters (850 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near South Crescent |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Crescent |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near South Crescent |
May 2024 | Drugs | Awaiting court outcome | On or near South Crescent |
May 2024 | Public order | Under investigation | On or near South Crescent |