£602,925
This estimated value is based upon the latest sale price for the house of £380,000 on 12 Jun 2007. 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 Albert Place
More crime details
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| Price Paid | Date |
|---|---|
| £380,000 | 12 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £380,000 results in an estimated price of approximately £602,925.
| 12 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 148.6 | 58.665 % | £380,000 | £222,925 | £602,925 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -15.257 % | £-57,977 | £322,022 |
| 3 Month Average | 18.312 % | £69,586 | £449,586 |
| 6 Month Average | 23.053 % | £87,601 | £467,601 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £122,818 | £121,000 | 2 RICHMOND COURT |
| 30 Mar 2023 | £95,904 | £95,000 | 40 FORSTER COURT |
| 17 Mar 2023 | £105,999 | £105,000 | 21 FORSTER COURT |
| 10 Feb 2023 | £47,468 | £47,500 | 12 ROBINSWOOD A.P.U. ENGINE LANE |
| 30 Mar 2022 | £123,315 | £119,000 | 597 DURHAM ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 10 Feb 2016. Using an estimated price of £602,925 means this house is valued at £8,039 per sq meter (£746 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Albert Place |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Albert Place |
| Apr 2024 | Other theft | Under investigation | On or near Engine Lane |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Forster Court |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Well Lane |