£54,816
This estimated value is based upon the latest sale price for the house of £55,000 on 24 Oct 2022. 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 Shafto Street
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Price Paid | Date |
---|---|
£55,000 | 24 Oct 2022 |
£11,000 | 5 Feb 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 64 sq meters or 688 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 October 2022 the House Price Index for TYNE AND WEAR was 150.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.333%.Applying this -0.333% change to the original purchase price of £55,000 results in an estimated price of approximately £54,816.
24 Oct 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
150.2 | 149.7 | -0.333 % | £55,000 | £-183 | £54,816 |
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 | 110.809 % | £60,944 | £115,944 |
3 Month Average | 16.618 % | £9,139 | £64,139 |
6 Month Average | -0.385 % | £-211 | £54,788 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Oct 2022 | £54,817 | £55,000 | 50 SHAFTO STREET |
24 Oct 2022 | £54,817 | £55,000 | 48 SHAFTO STREET |
24 Aug 2022 | £73,343 | £73,000 | 38 SHAFTO STREET |
8 Feb 2022 | £137,339 | £130,000 | 3 SHAFTO STREET |
14 Jan 2022 | £76,864 | £72,500 | 2 HORNSBY COURT |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 9 May 2019. Using an estimated price of £54,817 means this house is valued at £856 per sq meter (£79 per sq foot).
The average size of a house on SHAFTO STREET is 73 sq meters (787 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Burglary | Under investigation | On or near Shafto Street |
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Shafto Street |
Jun 2024 | Other crime | Investigation complete; no suspect identified | On or near Archer Street |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Archer Street |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Archer Street |