£281,966
This estimated value is based upon the latest sale price for the house of £74,000 on 12 May 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,000 | 12 May 2000 |
| Terraced |
| Freehold |
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 May 2000 the House Price Index for TYNE AND WEAR was 39.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 281.036%.Applying this 281.036% change to the original purchase price of £74,000 results in an estimated price of approximately £281,966.
| 12 May 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 149.7 | 281.036 % | £74,000 | £207,966 | £281,966 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 113.480 % | £83,975 | £157,975 |
| 3 Month Average | 229.896 % | £170,123 | £244,123 |
| 6 Month Average | 242.912 % | £179,754 | £253,754 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £248,823 | £245,000 | 56 GRASMERE TERRACE |
| 1 Aug 2023 | £285,143 | £280,000 | 43 APPLEBY PARK |
| 1 Jul 2022 | £156,569 | £155,000 | 15 MILTON TERRACE |
| 6 May 2022 | £341,907 | £333,000 | 54 GRASMERE TERRACE |
| 27 Jan 2022 | £283,073 | £267,000 | 31 APPLEBY PARK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Milton Terrace |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Supermarket |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Supermarket |