£127,150
This estimated value is based upon the latest sale price for the house of £70,500 on 5 Jan 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£70,500 | 5 Jan 2006 |
Flats/Maisonettes |
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 January 2006 the House Price Index for TYNE AND WEAR was 83.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 80.355%.Applying this 80.355% change to the original purchase price of £70,500 results in an estimated price of approximately £127,150.
5 Jan 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
83.0 | 149.7 | 80.355 % | £70,500 | £56,650 | £127,150 |
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 | 82.895 % | £58,440 | £128,940 |
3 Month Average | 45.441 % | £32,035 | £102,535 |
6 Month Average | 30.106 % | £21,224 | £91,724 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2023 | £73,372 | £72,000 | 42A CUMBERLAND STREET |
21 Mar 2023 | £99,156 | £97,500 | 2 CUMBERLAND STREET |
25 Mar 2022 | £83,462 | £79,950 | 33 ALNWICK STREET |
25 Feb 2022 | £87,686 | £83,000 | 28 CUMBERLAND STREET |
28 Jan 2022 | £81,635 | £77,000 | 36 GREY STREET |
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Alnwick Street |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Cumberland Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Grey Street |