£93,701
This estimated value is based upon the latest sale price for the house of £57,000 on 13 Sep 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £57,000 | 13 Sep 2013 |
| £80,000 | 14 Aug 2007 |
| £56,000 | 22 Oct 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 September 2013 the House Price Index for TYNE AND WEAR was 90.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.388%.Applying this 64.388% change to the original purchase price of £57,000 results in an estimated price of approximately £93,701.
| 13 Sep 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 148.6 | 64.388 % | £57,000 | £36,701 | £93,701 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 37.626 % | £21,446 | £78,446 |
| 3 Month Average | 17.737 % | £10,110 | £67,110 |
| 6 Month Average | 23.903 % | £13,624 | £70,624 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £122,137 | £120,000 | 22 NORTH TERRACE |
| 25 Sep 2023 | £136,748 | £135,000 | 34 NORTH TERRACE |
| 14 Sep 2023 | £86,101 | £85,000 | 32 NORTH TERRACE |
| 28 Apr 2023 | £166,796 | £165,000 | 73 SOUTH TERRACE |
| 4 Oct 2022 | £197,820 | £199,950 | 15 ALWIN CLOSE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 18 Sep 2013. Using an estimated price of £93,701 means this house is valued at £1,216 per sq meter (£113 per sq foot).
The average size of a house on SOUTH TERRACE is 73 sq meters (792 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near South Terrace |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Terrace |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Roland Road |