£87,050
This estimated value is based upon the latest sale price for the house of £54,500 on 31 Jan 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,500 | 31 Jan 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £54,500 results in an estimated price of approximately £87,050.
| 31 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £54,500 | £32,550 | £87,050 |
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 | 8.166 % | £4,450 | £58,950 |
| 3 Month Average | 39.681 % | £21,625 | £76,125 |
| 6 Month Average | 51.105 % | £27,852 | £82,352 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £122,137 | £120,000 | 5 SAVILLE STREET WEST |
| 7 Jul 2023 | £57,271 | £56,500 | 9B WILLIAM STREET WEST |
| 23 Jun 2023 | £101,226 | £100,000 | 14 WILLIAM STREET WEST |
| 13 Sep 2022 | £42,160 | £42,500 | 18 WILLIAM STREET WEST |
| 4 May 2022 | £63,445 | £62,250 | 81 RUDYERD STREET |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 28 Sep 2013. Using an estimated price of £87,050 means this house is valued at £1,048 per sq meter (£97 per sq foot).
The average size of a house on WILLIAM STREET is 76 sq meters (826 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near William Street |
| Mar 2024 | Possession of weapons | Under investigation | On or near William Street |
| Mar 2024 | Other theft | Under investigation | On or near William Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near William Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near William Street |