£255,284
This estimated value is based upon the latest sale price for the house of £49,848 on 13 Jun 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £49,848 | 13 Jun 1997 |
| £52,500 | 11 Apr 1997 |
| Terraced |
| Freehold |
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 June 1997 the House Price Index for TYNE AND WEAR was 29.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 412.126%.Applying this 412.126% change to the original purchase price of £49,848 results in an estimated price of approximately £255,284.
| 13 Jun 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.0 | 148.6 | 412.126 % | £49,848 | £205,436 | £255,284 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 384.349 % | £191,590 | £241,438 |
| 3 Month Average | 308.843 % | £153,951 | £203,799 |
| 6 Month Average | 299.925 % | £149,506 | £199,354 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £157,760 | £155,000 | 9 BRANDLING COURT AKENSIDE TERRACE |
| 11 Aug 2023 | £237,074 | £235,000 | FLAT 2 13 GRANVILLE ROAD |
| 21 Jul 2023 | £178,401 | £176,000 | 2 BRANDLING COURT AKENSIDE TERRACE |
| 3 Mar 2023 | £201,902 | £200,000 | FLAT 1 29 AKENSIDE TERRACE |
| 29 Jun 2022 | £319,515 | £315,000 | 23E AKENSIDE TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Granville Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Granville Road |
| Feb 2024 | Public order | Under investigation | On or near Granville Road |
| Feb 2024 | Anti-social behaviour | On or near Granville Road | |
| Feb 2024 | Anti-social behaviour | On or near Granville Road |