£534,890
This estimated value is based upon the latest sale price for the house of £462,000 on 9 Jul 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £462,000 | 9 Jul 2021 |
| 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £462,000 results in an estimated price of approximately £534,890.
| 9 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £462,000 | £72,890 | £534,890 |
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 | -34.950 % | £-161,467 | £300,532 |
| 3 Month Average | -11.489 % | £-53,078 | £408,921 |
| 6 Month Average | -10.612 % | £-49,027 | £412,972 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £77,500 | £77,500 | 4 NILE STREET |
| 27 Mar 2024 | £208,199 | £205,000 | 2 ALBION ROAD |
| 30 Nov 2023 | £307,814 | £300,000 | 50 BEDFORD STREET |
| 18 Oct 2023 | £225,113 | £220,000 | 3 NORTHUMBERLAND SQUARE |
| 18 Aug 2023 | £98,272 | £96,500 | 45A NILE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Albion Terrace |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Albion Terrace |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Albion Terrace |
| Jun 2024 | Other theft | Under investigation | On or near Albion Terrace |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Albion Terrace |