£234,742
This estimated value is based upon the latest sale price for the house of £190,000 on 14 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £190,000 | 14 Jun 2019 |
| £115,000 | 17 May 2013 |
| £130,000 | 11 Apr 2003 |
| Terraced |
| 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £190,000 results in an estimated price of approximately £234,742.
| 14 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £190,000 | £44,742 | £234,742 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 2.285 % | £4,342 | £194,342 |
| 3 Month Average | 10.605 % | £20,148 | £210,148 |
| 6 Month Average | 17.008 % | £32,315 | £222,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £384,659 | £380,000 | 20 SPRING TERRACE |
| 10 Mar 2023 | £464,375 | £460,000 | 48 ALMA PLACE |
| 22 Feb 2023 | £306,590 | £306,796 | 12 ALMA PLACE |
| 11 Jul 2022 | £123,332 | £123,000 | 18 WEST PERCY STREET |
| 20 May 2022 | £402,586 | £395,000 | 13 SPRING TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Frank Place |
| Apr 2024 | Anti-social behaviour | On or near Albion Road | |
| Apr 2024 | Anti-social behaviour | On or near Albion Road | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Albion Road |
| Mar 2024 | Anti-social behaviour | On or near Albion Road |