£88,099
This estimated value is based upon the latest sale price for the house of £28,000 on 25 Jan 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£28,000 | 25 Jan 2002 |
Terraced |
Freehold |
Floor Area: 72 sq meters or 775 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 2002 the House Price Index for TYNE AND WEAR was 47.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 214.641%.Applying this 214.641% change to the original purchase price of £28,000 results in an estimated price of approximately £88,099.
25 Jan 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
47.6 | 149.7 | 214.641 % | £28,000 | £60,099 | £88,099 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 350.285 % | £98,079 | £126,079 |
3 Month Average | 252.677 % | £70,749 | £98,749 |
6 Month Average | 207.532 % | £58,109 | £86,109 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £64,999 | £64,000 | 17 TWEED STREET |
17 Aug 2023 | £61,102 | £60,000 | 12 WHICKHAM ROAD |
16 Jun 2023 | £125,107 | £122,600 | 25 HEDGELEY ROAD |
20 Apr 2023 | £117,192 | £115,000 | 16 REDE AVENUE |
17 Apr 2023 | £74,391 | £73,000 | 69 TWEED STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 19 Sep 2020. Using an estimated price of £88,100 means this house is valued at £1,223 per sq meter (£113 per sq foot).
The average size of a house on TWEED STREET is 77 sq meters (838 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tweed Street |
May 2024 | Anti-social behaviour | On or near Tweed Street | |
May 2024 | Anti-social behaviour | On or near Tweed Street | |
Apr 2024 | Anti-social behaviour | On or near Tweed Street | |
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tweed Street |