£453,673
This estimated value is based upon the latest sale price for the house of £187,000 on 27 Mar 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £187,000 | 27 Mar 2003 |
| £76,000 | 29 Aug 1997 |
| 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 March 2003 the House Price Index for TYNE AND WEAR was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £187,000 results in an estimated price of approximately £453,673.
| 27 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 148.6 | 142.606 % | £187,000 | £266,673 | £453,673 |
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 | 71.368 % | £133,458 | £320,458 |
| 3 Month Average | 62.492 % | £116,859 | £303,859 |
| 6 Month Average | 67.004 % | £125,297 | £312,297 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £163,085 | £161,000 | 2 ORCHARD PLACE |
| 31 Aug 2023 | £484,236 | £480,000 | 62 BUSTON TERRACE |
| 11 Aug 2023 | £148,297 | £147,000 | 16 ORCHARD PLACE |
| 27 Jul 2023 | £165,224 | £163,000 | 78 SHORTRIDGE TERRACE |
| 2 Jun 2023 | £217,181 | £214,550 | 46 SHORTRIDGE TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Buston Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Buston Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Buston Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Buston Terrace | |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Farquhar Street |