£51,846
This estimated value is based upon the latest sale price for the house of £39,995 on 26 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£39,995 | 26 May 2017 |
£41,000 | 8 Dec 2003 |
£29,000 | 27 Aug 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 699 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 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £39,995 results in an estimated price of approximately £51,846.
26 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 149.7 | 29.633 % | £39,995 | £11,851 | £51,846 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 59.651 % | £23,857 | £63,852 |
3 Month Average | 17.917 % | £7,165 | £47,160 |
6 Month Average | -2.673 % | £-1,069 | £38,925 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £55,858 | £55,000 | 39 VICTORIA ROAD WEST |
6 Oct 2023 | £214,880 | £210,000 | 32 CANNING STREET |
28 Jun 2023 | £73,472 | £72,000 | 33 WELLINGTON STREET |
16 Mar 2023 | £45,764 | £45,000 | 27 VICTORIA ROAD WEST |
5 Oct 2022 | £38,870 | £39,000 | 61 VICTORIA ROAD WEST |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 10 Feb 2017. Using an estimated price of £51,847 means this house is valued at £797 per sq meter (£74 per sq foot).
The average size of a house on VICTORIA ROAD WEST is 101 sq meters (1,095 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Under investigation | On or near Wellington Street |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wellington Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Wellington Street |
May 2024 | Anti-social behaviour | On or near Wellington Street | |
May 2024 | Anti-social behaviour | On or near Wellington Street |