£87,773
This estimated value is based upon the latest sale price for the house of £60,000 on 26 Jun 2015. 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 South View Terrace
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| Price Paid | Date |
|---|---|
| £60,000 | 26 Jun 2015 |
| £82,000 | 25 Sep 2007 |
| £19,000 | 16 Aug 2002 |
| £11,000 | 13 Oct 2000 |
| £26,000 | 9 Feb 1996 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 698 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 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £60,000 results in an estimated price of approximately £87,773.
| 26 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £60,000 | £27,773 | £87,773 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -23.492 % | £-14,095 | £45,904 |
| 3 Month Average | -7.757 % | £-4,654 | £55,345 |
| 6 Month Average | -0.390 % | £-233 | £59,766 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £75,657 | £75,000 | 54 ST MICHAELS |
| 6 Dec 2023 | £42,300 | £41,000 | 34 SOUTH VIEW TERRACE |
| 23 Jun 2023 | £66,329 | £65,000 | 38 SOUTH VIEW TERRACE |
| 28 Apr 2023 | £387,243 | £380,000 | 2 THE GRANARY |
| 10 Mar 2023 | £89,495 | £88,000 | 25 ST MICHAELS |
This house has a floor area of 64 sq meters or 698 sq feet when measured on 29 Jul 2010. Using an estimated price of £87,774 means this house is valued at £1,353 per sq meter (£125 per sq foot).
The average size of a house on SOUTH VIEW TERRACE is 75 sq meters (817 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near South View Terrace |
| Jul 2024 | Anti-social behaviour | On or near South View Terrace | |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near South View Terrace |
| Jun 2024 | Other crime | Under investigation | On or near South View Terrace |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near South View Terrace |