£289,443
This estimated value is based upon the latest sale price for the house of £250,000 on 23 Jul 2021. 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 Bute Road North
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| Price Paid | Date |
|---|---|
| £250,000 | 23 Jul 2021 |
| £202,000 | 30 Nov 2012 |
| Terraced |
| 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 £250,000 results in an estimated price of approximately £289,443.
| 23 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £250,000 | £39,443 | £289,443 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | 19.693 % | £49,232 | £299,232 |
| 3 Month Average | -22.373 % | £-55,931 | £194,068 |
| 6 Month Average | 7.723 % | £19,308 | £269,308 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £132,148 | £131,000 | 3 JOHNSON TERRACE |
| 2 Oct 2023 | £475,807 | £465,000 | 16 BUTE DRIVE |
| 15 Sep 2023 | £128,840 | £126,000 | 6 ETHEL TERRACE |
| 28 Apr 2023 | £163,050 | £160,000 | 7 NORTH VIEW BUNGALOWS |
| 11 Nov 2022 | £293,627 | £295,000 | LEVEN HOUSE HUGAR ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Bute Road North |
| Oct 2024 | Public order | Under investigation | On or near Robert Terrace |
| Jul 2024 | Anti-social behaviour | On or near Robert Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Robert Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Robert Terrace |