£265,515
This estimated value is based upon the latest sale price for the house of £219,250 on 26 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Alma Place
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| Price Paid | Date |
|---|---|
| £219,250 | 26 Jun 2020 |
| £151,000 | 13 Jul 2015 |
| £47,000 | 9 Jun 2000 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £219,250 results in an estimated price of approximately £265,515.
| 26 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £219,250 | £46,265 | £265,515 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 59.769 % | £131,042 | £350,292 |
| 3 Month Average | 54.913 % | £120,395 | £339,645 |
| 6 Month Average | 26.523 % | £58,152 | £277,402 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £417,336 | £412,000 | FLAT A EGREMONT HOUSE EGREMONT PLACE |
| 30 Aug 2023 | £304,413 | £301,750 | 7 GLADSTONE TERRACE |
| 28 Jul 2023 | £288,888 | £285,000 | 4 DEVONSHIRE TERRACE |
| 12 Jun 2023 | £283,383 | £279,950 | 6 ALEXANDRA TERRACE |
| 13 Jan 2023 | £263,758 | £265,000 | 2 ALEXANDRA TERRACE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 4 Nov 2014. Using an estimated price of £265,515 means this house is valued at £2,681 per sq meter (£249 per sq foot).
The average size of a house on GLADSTONE TERRACE is 236 sq meters (2,544 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Alma Place | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Alma Place |
| Feb 2024 | Anti-social behaviour | On or near Alma Place | |
| Feb 2024 | Anti-social behaviour | On or near Alma Place | |
| Feb 2024 | Anti-social behaviour | On or near Alma Place |