£72,107
This estimated value is based upon the latest sale price for the house of £71,000 on 7 Mar 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£71,000 | 7 Mar 2024 |
£72,500 | 29 Apr 2022 |
£61,500 | 26 Jan 2015 |
£59,950 | 9 Jul 2004 |
£16,000 | 18 Jun 2002 |
Terraced |
Freehold |
Floor Area: 79 sq meters or 850 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 March 2024 the House Price Index for TYNE AND WEAR was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £71,000 results in an estimated price of approximately £72,107.
7 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.4 | 149.7 | 1.560 % | £71,000 | £1,107 | £72,107 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 81.953 % | £58,186 | £129,186 |
3 Month Average | 8.379 % | £5,948 | £76,948 |
6 Month Average | -2.134 % | £-1,515 | £69,484 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £66,014 | £65,000 | 42 CHATTON STREET |
7 Mar 2024 | £72,108 | £71,000 | 73 BARRASFORD STREET |
6 Sep 2023 | £38,857 | £38,000 | 66 BARRASFORD STREET |
31 Aug 2023 | £52,955 | £52,000 | 66 GALLANT TERRACE |
31 Mar 2023 | £37,120 | £36,500 | 12 BARRASFORD STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 27 Aug 2014. Using an estimated price of £72,108 means this house is valued at £912 per sq meter (£84 per sq foot).
The average size of a house on BARRASFORD STREET is 69 sq meters (743 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Barrasford Street | |
Jul 2024 | Anti-social behaviour | On or near Barrasford Street | |
May 2024 | Anti-social behaviour | On or near Barrasford Street | |
May 2024 | Anti-social behaviour | On or near Barrasford Street | |
May 2024 | Anti-social behaviour | On or near Barrasford Street |