£87,002
This estimated value is based upon the latest sale price for the house of £16,000 on 22 Nov 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£16,000 | 22 Nov 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 November 1996 the House Price Index for TYNE AND WEAR was 27.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 443.763%.Applying this 443.763% change to the original purchase price of £16,000 results in an estimated price of approximately £87,002.
22 Nov 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
27.3 | 148.6 | 443.763 % | £16,000 | £71,002 | £87,002 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 196.926 % | £31,508 | £47,508 |
3 Month Average | 242.025 % | £38,724 | £54,724 |
6 Month Average | 251.744 % | £40,279 | £56,279 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £54,699 | £54,000 | 30 KITCHENER STREET |
21 Jul 2023 | £81,091 | £80,000 | 33 BADEN POWELL STREET |
6 Jun 2023 | £93,128 | £92,000 | 29 BADEN POWELL STREET |
20 Jan 2023 | £97,043 | £97,500 | 393 OLD DURHAM ROAD |
10 Aug 2022 | £70,311 | £70,500 | 16 BADEN POWELL STREET |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 9 Oct 2014. Using an estimated price of £87,002 means this house is valued at £1,474 per sq meter (£136 per sq foot).
The average size of a house on KITCHENER STREET is 73 sq meters (791 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Mafeking Street | |
Feb 2024 | Anti-social behaviour | On or near Mafeking Street | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Grange Terrace |
Mar 2024 | Anti-social behaviour | On or near Methuen Street | |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Methuen Street |