£80,901
This estimated value is based upon the latest sale price for the house of £65,000 on 14 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£65,000 | 14 Jun 2019 |
£69,000 | 14 Jan 2011 |
£42,000 | 14 Aug 2003 |
Terraced |
Freehold |
Floor Area: 63 sq meters or 678 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £65,000 results in an estimated price of approximately £80,901.
14 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.463 % | £65,000 | £15,901 | £80,901 |
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 | 66.523 % | £43,240 | £108,240 |
3 Month Average | -7.036 % | £-4,573 | £60,426 |
6 Month Average | -5.758 % | £-3,742 | £61,257 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Mar 2024 | £55,858 | £55,000 | 16 PARLIAMENT STREET |
8 Sep 2023 | £99,186 | £97,000 | 4A PARLIAMENT STREET |
28 Apr 2023 | £81,525 | £80,000 | 53 ANN STREET |
8 Apr 2022 | £98,555 | £95,000 | 28 PRICE STREET |
31 Jan 2022 | £86,406 | £81,500 | 36 PRICE STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 4 Oct 2019. Using an estimated price of £80,901 means this house is valued at £1,284 per sq meter (£119 per sq foot).
The average size of a house on PARLIAMENT STREET is 68 sq meters (740 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ann Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Ann Street |
May 2024 | Anti-social behaviour | On or near St Andrew'S Street | |
May 2024 | Anti-social behaviour | On or near St Andrew'S Street | |
May 2024 | Anti-social behaviour | On or near St Andrew'S Street |