£295,215
This estimated value is based upon the latest sale price for the house of £170,000 on 20 Jun 2006. 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 Farquhar Street
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| Price Paid | Date |
|---|---|
| £170,000 | 20 Jun 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 137 sq meters or 1,474 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 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £170,000 results in an estimated price of approximately £295,215.
| 20 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £170,000 | £125,215 | £295,215 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 56.122 % | £95,407 | £265,407 |
| 3 Month Average | 43.394 % | £73,770 | £243,770 |
| 6 Month Average | 26.125 % | £44,412 | £214,412 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £484,236 | £480,000 | 62 BUSTON TERRACE |
| 28 Jul 2023 | £390,252 | £385,000 | 44 SHORTRIDGE TERRACE |
| 25 Jul 2023 | £390,252 | £385,000 | 42 SHORTRIDGE TERRACE |
| 2 Jun 2023 | £217,181 | £214,550 | 46 SHORTRIDGE TERRACE |
| 10 Mar 2023 | £224,616 | £222,500 | 43 BUSTON TERRACE |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 3 Feb 2016. Using an estimated price of £295,215 means this house is valued at £2,154 per sq meter (£200 per sq foot).
The average size of a house on FARQUHAR STREET is 130 sq meters (1,404 sq feet).
This house is the largest in the street with a floor area of 137 sq meters (1,474 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Farquhar Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farquhar Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farquhar Street |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Farquhar Street |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Farquhar Street |