£327,503
This estimated value is based upon the latest sale price for the house of £255,000 on 7 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £255,000 | 7 Jul 2017 |
| 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £255,000 results in an estimated price of approximately £327,503.
| 7 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £255,000 | £72,503 | £327,503 |
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 | -31.478 % | £-80,268 | £174,731 |
| 3 Month Average | 21.284 % | £54,275 | £309,275 |
| 6 Month Average | 24.833 % | £63,324 | £318,324 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £368,197 | £365,000 | 34 ALMA PLACE |
| 16 Jun 2023 | £193,885 | £190,000 | 21 SPRING TERRACE |
| 16 Jun 2023 | £387,771 | £380,000 | 20 SPRING TERRACE |
| 10 Mar 2023 | £467,813 | £460,000 | 48 ALMA PLACE |
| 20 Jan 2023 | £295,790 | £295,000 | 46A ALMA PLACE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 7 Mar 2018. Using an estimated price of £327,503 means this house is valued at £2,775 per sq meter (£257 per sq foot).
The average size of a house on ALMA PLACE is 156 sq meters (1,687 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Alma Place |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Terrace |
| Jul 2024 | Anti-social behaviour | On or near Preston Mews | |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Preston Mews |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Frank Place |