£503,156
This estimated value is based upon the latest sale price for the house of £300,000 on 8 Apr 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Wallace Street
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| Price Paid | Date |
|---|---|
| £300,000 | 8 Apr 2013 |
| Detached |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 April 2013 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.719%.Applying this 67.719% change to the original purchase price of £300,000 results in an estimated price of approximately £503,156.
| 8 Apr 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 148.6 | 67.719 % | £300,000 | £203,156 | £503,156 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 31.534 % | £94,602 | £394,602 |
| 3 Month Average | 25.841 % | £77,521 | £377,521 |
| 6 Month Average | 20.372 % | £61,115 | £361,115 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £67,868 | £67,000 | 27 GILPIN STREET |
| 31 Aug 2023 | £56,494 | £56,000 | 5 WALLACE STREET |
| 22 Apr 2022 | £72,086 | £70,000 | 10 VIOLET STREET |
| 8 Apr 2022 | £187,423 | £182,000 | 111 DAIRY LANE |
| 6 Apr 2022 | £74,146 | £72,000 | 17 GILPIN STREET |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 2 Jul 2012. Using an estimated price of £503,157 means this house is valued at £3,068 per sq meter (£285 per sq foot).
The average size of a house on WALLACE STREET is 134 sq meters (1,444 sq feet).
This house is the largest in the street with a floor area of 164 sq meters (1,765 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Wallace Street |
| Jan 2024 | Burglary | Under investigation | On or near Wallace Street |
| Apr 2024 | Possession of weapons | Under investigation | On or near Gilpin Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thornhill Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thornhill Street |