£218,727
This estimated value is based upon the latest sale price for the house of £120,000 on 6 Jul 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£120,000 | 6 Jul 2009 |
Semi-Detached |
Freehold |
Floor Area: 81 sq meters or 872 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 2009 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.273%.Applying this 82.273% change to the original purchase price of £120,000 results in an estimated price of approximately £218,727.
6 Jul 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.5 | 148.6 | 82.273 % | £120,000 | £98,727 | £218,727 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 134.448 % | £161,338 | £281,338 |
3 Month Average | 10.250 % | £12,299 | £132,299 |
6 Month Average | 20.697 % | £24,836 | £144,836 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Aug 2023 | £60,530 | £60,000 | 12 WHICKHAM ROAD |
27 Jun 2023 | £53,144 | £52,500 | 91 TWEED STREET |
3 Apr 2023 | £68,740 | £68,000 | 23 VICTORIA ROAD EAST |
31 Mar 2023 | £78,237 | £77,500 | 25 VICTORIA ROAD EAST |
24 Mar 2023 | £85,808 | £85,000 | 44 WHICKHAM ROAD |
This house has a floor area of 81 sq meters or 872 sq feet when measured on 28 May 2009. Using an estimated price of £218,727 means this house is valued at £2,697 per sq meter (£250 per sq foot).
The average size of a house on TWEED STREET is 77 sq meters (838 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Tweed Street |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tweed Street |
Mar 2024 | Anti-social behaviour | On or near Tweed Street | |
Mar 2024 | Anti-social behaviour | On or near Tweed Street | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Tweed Street |