£150,992
This estimated value is based upon the latest sale price for the house of £125,000 on 6 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 6 Aug 2020 |
| £92,000 | 30 Aug 2019 |
| £37,120 | 28 Sep 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £125,000 results in an estimated price of approximately £150,992.
| 6 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £125,000 | £25,992 | £150,992 |
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 | 61.670 % | £77,087 | £202,087 |
| 3 Month Average | 33.014 % | £41,267 | £166,267 |
| 6 Month Average | 21.740 % | £27,174 | £152,174 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £126,095 | £125,000 | 9 THE AVENUE |
| 9 Dec 2023 | £113,487 | £110,000 | 88 GEORGE ROAD |
| 13 Nov 2023 | £121,073 | £118,000 | 6 NITHDALE CLOSE |
| 29 Sep 2023 | £107,367 | £105,000 | 12 NITHDALE CLOSE |
| 20 Mar 2023 | £104,241 | £102,500 | 5 WILBERFORCE STREET |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 15 Jun 2019. Using an estimated price of £150,993 means this house is valued at £1,070 per sq meter (£99 per sq foot).
The average size of a house on GEORGE ROAD is 108 sq meters (1,170 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near George Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near George Road |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near George Road |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near George Road |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near George Road |