£196,317
This estimated value is based upon the latest sale price for the house of £37,500 on 27 Mar 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Alma Place
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| Price Paid | Date |
|---|---|
| £37,500 | 27 Mar 1997 |
| Detached |
| 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 March 1997 the House Price Index for TYNE AND WEAR was 28.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 423.513%.Applying this 423.513% change to the original purchase price of £37,500 results in an estimated price of approximately £196,317.
| 27 Mar 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.6 | 423.513 % | £37,500 | £158,817 | £196,317 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 361.942 % | £135,728 | £173,228 |
| 3 Month Average | 405.449 % | £152,043 | £189,543 |
| 6 Month Average | 373.249 % | £139,968 | £177,468 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £195,928 | £192,500 | 21 LISH AVENUE |
| 30 Aug 2023 | £304,413 | £301,750 | 7 GLADSTONE TERRACE |
| 28 Jul 2023 | £288,888 | £285,000 | 4 DEVONSHIRE TERRACE |
| 21 Apr 2023 | £308,320 | £305,000 | 8 LISH AVENUE |
| 3 Feb 2022 | £412,137 | £393,000 | 5 BURNFOOT TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Alma Place | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Alma Place |
| Feb 2024 | Anti-social behaviour | On or near Alma Place | |
| Feb 2024 | Anti-social behaviour | On or near Alma Place | |
| Feb 2024 | Anti-social behaviour | On or near Alma Place |