£53,305
This estimated value is based upon the latest sale price for the house of £43,000 on 12 Aug 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£43,000 | 12 Aug 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 70 sq meters or 753 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 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £43,000 results in an estimated price of approximately £53,305.
12 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.8 | 149.7 | 23.967 % | £43,000 | £10,305 | £53,305 |
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 | -25.989 % | £-11,175 | £31,824 |
3 Month Average | 8.940 % | £3,844 | £46,844 |
6 Month Average | 11.798 % | £5,073 | £48,073 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Sep 2023 | £117,592 | £115,000 | 51 NORHAM ROAD |
24 Mar 2023 | £52,883 | £52,000 | 57 NORHAM ROAD |
24 Mar 2023 | £52,883 | £52,000 | 55 NORHAM ROAD |
16 Mar 2023 | £40,679 | £40,000 | 3 ALNWICK HOUSE MINDRUM TERRACE |
10 Feb 2023 | £50,336 | £50,000 | 37 MORPETH TERRACE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 19 Mar 2019. Using an estimated price of £53,306 means this house is valued at £761 per sq meter (£70 per sq foot).
The average size of a house on MINDRUM TERRACE is 71 sq meters (771 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Mindrum Terrace | |
Jul 2024 | Anti-social behaviour | On or near Mindrum Terrace | |
Jun 2024 | Anti-social behaviour | On or near Mindrum Terrace | |
Jun 2024 | Anti-social behaviour | On or near Mindrum Terrace | |
Jun 2024 | Anti-social behaviour | On or near Mindrum Terrace |