£569,590
This estimated value is based upon the latest sale price for the house of £172,500 on 24 Sep 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£172,500 | 24 Sep 2001 |
£91,000 | 3 Aug 1995 |
Semi-Detached |
Freehold |
Floor Area: 372 sq meters or 4,004 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 September 2001 the House Price Index for TYNE AND WEAR was 45.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 230.197%.Applying this 230.197% change to the original purchase price of £172,500 results in an estimated price of approximately £569,590.
24 Sep 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
45.3 | 149.7 | 230.197 % | £172,500 | £397,090 | £569,590 |
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 | 147.577 % | £254,570 | £427,070 |
3 Month Average | 243.027 % | £419,222 | £591,722 |
6 Month Average | 247.900 % | £427,627 | £600,127 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Apr 2024 | £368,197 | £365,000 | 34 ALMA PLACE |
10 Mar 2023 | £467,813 | £460,000 | 48 ALMA PLACE |
20 Jan 2023 | £295,790 | £295,000 | 46A ALMA PLACE |
3 Aug 2022 | £363,198 | £361,500 | 25 WATERLOO PLACE |
23 May 2022 | £374,763 | £365,000 | 31 CLEVELAND ROAD |
This house has a floor area of 372 sq meters or 4,004 sq feet when measured on 28 Jan 2019. Using an estimated price of £569,590 means this house is valued at £1,531 per sq meter (£142 per sq foot).
The average size of a house on ALMA PLACE is 156 sq meters (1,687 sq feet).
This house is the largest in the street with a floor area of 372 sq meters (4,004 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Alma Place |
Jul 2024 | Anti-social behaviour | On or near Preston Mews | |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Frank Place |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Preston Mews |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Terrace |