£450,011
This estimated value is based upon the latest sale price for the house of £325,150 on 16 Dec 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£325,150 | 16 Dec 2015 |
£205,000 | 6 Mar 2015 |
Terraced |
Freehold |
Floor Area: 200 sq meters or 2,152 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 December 2015 the House Price Index for TYNE AND WEAR was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £325,150 results in an estimated price of approximately £450,011.
16 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 148.6 | 38.401 % | £325,150 | £124,861 | £450,011 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -15.528 % | £-50,488 | £274,661 |
3 Month Average | 23.258 % | £75,623 | £400,773 |
6 Month Average | 16.644 % | £54,119 | £379,269 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Nov 2023 | £340,034 | £335,000 | 2 BEACON STREET |
29 Sep 2023 | £149,917 | £148,000 | 38 DEAN STREET |
25 Aug 2023 | £307,692 | £305,000 | 147 KELLS LANE |
28 Jul 2023 | £162,183 | £160,000 | 66 BEACON STREET |
27 Jul 2023 | £306,627 | £302,500 | 139 KELLS LANE |
This house has a floor area of 200 sq meters or 2,152 sq feet when measured on 1 Dec 2014. Using an estimated price of £450,012 means this house is valued at £2,250 per sq meter (£209 per sq foot).
The average size of a house on BEACON STREET is 111 sq meters (1,203 sq feet).
This house is the largest in the street with a floor area of 200 sq meters (2,152 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Lowrey'S Lane |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Primrose Hill |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Primrose Hill |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Primrose Hill |
Apr 2024 | Other crime | Under investigation | On or near Wesley Street |