£131,917
This estimated value is based upon the latest sale price for the house of £82,000 on 22 May 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £82,000 | 22 May 2007 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 934 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 May 2007 the House Price Index for TYNE AND WEAR was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £82,000 results in an estimated price of approximately £131,917.
| 22 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £82,000 | £49,917 | £131,917 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 5.578 % | £4,573 | £86,573 |
| 3 Month Average | 8.154 % | £6,686 | £88,686 |
| 6 Month Average | 15.365 % | £12,599 | £94,599 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £140,218 | £139,000 | 56 BROADWAY |
| 20 Nov 2023 | £113,891 | £111,000 | 74 SHERIFFS HIGHWAY |
| 27 Oct 2023 | £92,092 | £90,000 | 2 HADRIAN PLACE |
| 18 Aug 2023 | £94,708 | £93,000 | 42 SPRINGFIELD PLACE |
| 31 Mar 2023 | £142,378 | £140,000 | 39 SPRINGFIELD PLACE |
This house has a floor area of 86 sq meters or 934 sq feet when measured on 10 May 2011. Using an estimated price of £131,917 means this house is valued at £1,519 per sq meter (£141 per sq foot).
The average size of a house on FOSSE TERRACE is 127 sq meters (1,375 sq feet).
This house is the smallest in the street with a floor area of 86 sq meters (934 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Fosse Terrace |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fosse Terrace |
| May 2024 | Anti-social behaviour | On or near Fosse Terrace | |
| May 2024 | Anti-social behaviour | On or near Fosse Terrace | |
| May 2024 | Anti-social behaviour | On or near Fosse Terrace |