£117,139
This estimated value is based upon the latest sale price for the house of £70,000 on 31 May 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£70,000 | 31 May 2013 |
Semi-Detached |
Freehold |
Floor Area: 74 sq meters or 798 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 May 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £70,000 results in an estimated price of approximately £117,139.
31 May 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
88.8 | 148.6 | 67.342 % | £70,000 | £47,139 | £117,139 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 7.960 % | £5,571 | £75,571 |
3 Month Average | 16.070 % | £11,248 | £81,248 |
6 Month Average | 13.841 % | £9,688 | £79,688 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £60,500 | £60,500 | 81 EGERTON ROAD |
22 Dec 2023 | £73,282 | £72,000 | 67 WESTCOTT ROAD |
11 Dec 2023 | £174,045 | £171,000 | 148 - 150 TALBOT ROAD |
21 Jul 2023 | £112,514 | £111,000 | 63 NORA STREET |
22 Feb 2023 | £119,919 | £120,000 | 56 NORA STREET |
This house has a floor area of 74 sq meters or 798 sq feet when measured on 14 Oct 2008. Using an estimated price of £117,140 means this house is valued at £1,579 per sq meter (£146 per sq foot).
The average size of a house on NORA STREET is 75 sq meters (808 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Nora Street |
Mar 2024 | Drugs | Under investigation | On or near Nora Street |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Nora Street |
Mar 2024 | Anti-social behaviour | On or near Nora Street | |
Mar 2024 | Anti-social behaviour | On or near Nora Street |