£165,606
This estimated value is based upon the latest sale price for the house of £152,000 on 20 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£152,000 | 20 Nov 2021 |
£112,500 | 27 May 2016 |
£99,950 | 28 Jul 2006 |
Terraced |
Freehold |
Floor Area: 118 sq meters or 1,270 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £152,000 results in an estimated price of approximately £165,606.
20 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 149.7 | 8.952 % | £152,000 | £13,606 | £165,606 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -90.742 % | £-137,927 | £14,072 |
3 Month Average | -21.592 % | £-32,819 | £119,180 |
6 Month Average | -33.206 % | £-50,472 | £101,527 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £175,000 | £175,000 | 12 ROCK TERRACE |
29 Jun 2023 | £78,575 | £77,000 | 13 NENE COURT |
21 Mar 2023 | £81,359 | £80,000 | 41 BANBURY |
14 Mar 2023 | £15,509 | £15,250 | 106 WELLINGTON WALK |
4 Feb 2022 | £118,323 | £112,000 | 14 ROCK TERRACE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 18 Mar 2016. Using an estimated price of £165,607 means this house is valued at £1,403 per sq meter (£130 per sq foot).
The average size of a house on ROCK TERRACE is 135 sq meters (1,461 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Nene Court | |
Jun 2024 | Anti-social behaviour | On or near Nene Court | |
Jul 2024 | Other theft | Under investigation | On or near Banbury |
May 2024 | Violence and sexual offences | Under investigation | On or near Banbury |
Jul 2024 | Burglary | Under investigation | On or near Usworth Station Road |