£143,942
This estimated value is based upon the latest sale price for the house of £112,500 on 11 Aug 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 |
|---|---|
| £112,500 | 11 Aug 2017 |
| £90,000 | 10 Dec 2004 |
| £35,950 | 17 Jul 1998 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 August 2017 the House Price Index for TYNE AND WEAR was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £112,500 results in an estimated price of approximately £143,942.
| 11 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £112,500 | £31,442 | £143,942 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 68.709 % | £77,297 | £189,797 |
| 3 Month Average | 39.971 % | £44,967 | £157,467 |
| 6 Month Average | 19.720 % | £22,184 | £134,684 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £91,354 | £89,950 | 28 TIBERIUS CLOSE |
| 19 Dec 2023 | £93,885 | £91,000 | 32 TIBERIUS CLOSE |
| 20 Nov 2023 | £112,352 | £109,500 | 24 CARVILLE GARDENS |
| 15 Sep 2023 | £86,916 | £85,000 | 28 PRAETORIAN DRIVE |
| 20 Mar 2023 | £104,241 | £102,500 | 5 WILBERFORCE STREET |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 23 Jun 2015. Using an estimated price of £143,943 means this house is valued at £1,617 per sq meter (£150 per sq foot).
The average size of a house on UNION STREET is 102 sq meters (1,098 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Tiberius Close |
| May 2024 | Drugs | Awaiting court outcome | On or near Praetorian Drive |
| May 2024 | Possession of weapons | Awaiting court outcome | On or near Praetorian Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Crawley Road |
| May 2024 | Burglary | Under investigation | On or near Crawley Road |