£105,966
This estimated value is based upon the latest sale price for the house of £99,950 on 21 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£99,950 | 21 Jan 2022 |
£86,000 | 27 Sep 2019 |
£85,000 | 4 Apr 2008 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £99,950 results in an estimated price of approximately £105,966.
21 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 149.7 | 6.020 % | £99,950 | £6,016 | £105,966 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 31.417 % | £31,400 | £131,350 |
3 Month Average | 3.453 % | £3,451 | £103,401 |
6 Month Average | -4.872 % | £-4,869 | £95,080 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Jun 2024 | £245,000 | £245,000 | BESOM HOUSE LITCHFIELD TERRACE |
20 Dec 2023 | £91,821 | £89,000 | 16 FLORENCE STREET |
11 Dec 2023 | £123,804 | £120,000 | 1 FLORENCE STREET |
28 Nov 2023 | £76,953 | £75,000 | 18 MAY STREET |
24 Apr 2023 | £122,287 | £120,000 | 34 EASTLANDS |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Jun 2019. Using an estimated price of £105,967 means this house is valued at £1,535 per sq meter (£142 per sq foot).
The average size of a house on FLORENCE STREET is 83 sq meters (901 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near May Street |
Jul 2024 | Anti-social behaviour | On or near Northlands | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Northlands |
Jul 2024 | Burglary | Under investigation | On or near Northlands |
May 2024 | Anti-social behaviour | On or near Northlands |