£113,016
This estimated value is based upon the latest sale price for the house of £84,000 on 21 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£84,000 | 21 Jun 2016 |
£31,000 | 12 Apr 1996 |
Terraced |
Freehold |
Floor Area: 82 sq meters or 887 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £84,000 results in an estimated price of approximately £113,016.
21 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 149.7 | 34.544 % | £84,000 | £29,016 | £113,016 |
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 | 76.994 % | £64,674 | £148,674 |
3 Month Average | 33.526 % | £28,161 | £112,161 |
6 Month Average | 22.206 % | £18,653 | £102,653 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £85,745 | £85,000 | 23 NORTH ROAD |
12 Apr 2024 | £85,745 | £85,000 | 21 NORTH ROAD |
3 Apr 2024 | £71,118 | £70,500 | 4 HOPPER STREET |
20 Dec 2023 | £72,219 | £70,000 | 9 EQUITABLE STREET |
18 Oct 2023 | £93,115 | £91,000 | 2 NORTH ROAD |
This house has a floor area of 82 sq meters or 887 sq feet when measured on 29 Mar 2010. Using an estimated price of £113,017 means this house is valued at £1,371 per sq meter (£127 per sq foot).
The average size of a house on MUTUAL STREET is 99 sq meters (1,067 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Mutual Street | |
Jun 2024 | Anti-social behaviour | On or near Mutual Street | |
Jun 2024 | Anti-social behaviour | On or near Equitable Street | |
Jun 2024 | Anti-social behaviour | On or near Equitable Street | |
Jul 2024 | Burglary | Under investigation | On or near Elton Street West |