£143,335
This estimated value is based upon the latest sale price for the house of £28,000 on 2 Jul 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£28,000 | 2 Jul 1997 |
Flats/Maisonettes |
Freehold |
Floor Area: 110 sq meters or 1,184 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 1997 the House Price Index for TYNE AND WEAR was 29.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 411.913%.Applying this 411.913% change to the original purchase price of £28,000 results in an estimated price of approximately £143,335.
2 Jul 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.2 | 149.7 | 411.913 % | £28,000 | £115,335 | £143,335 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 520.277 % | £145,677 | £173,677 |
3 Month Average | 357.926 % | £100,219 | £128,219 |
6 Month Average | 342.417 % | £95,876 | £123,876 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £156,449 | £153,000 | 46 CLAREMONT ROAD |
27 Feb 2023 | £166,110 | £165,000 | 1 WALLACE STREET |
20 Feb 2023 | £120,807 | £120,000 | FLAT K ASHTREE HOUSE, 3 CLAREMONT ROAD |
10 Feb 2023 | £422,824 | £420,000 | 6 BURNSIDE |
9 Feb 2023 | £176,177 | £175,000 | 24 CLAREMONT ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 26 Nov 2018. Using an estimated price of £143,336 means this house is valued at £1,303 per sq meter (£121 per sq foot).
The average size of a house on CLAREMONT ROAD is 88 sq meters (949 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Anti-social behaviour | On or near Dairy Lane | |
May 2024 | Anti-social behaviour | On or near Dairy Lane | |
May 2024 | Anti-social behaviour | On or near Dairy Lane | |
Jun 2024 | Drugs | Under investigation | On or near Limewood Court |
Jun 2024 | Drugs | Awaiting court outcome | On or near Limewood Court |