£70,637
This estimated value is based upon the latest sale price for the house of £55,000 on 17 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 17 Jul 2017 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £55,000 results in an estimated price of approximately £70,637.
| 17 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £55,000 | £15,637 | £70,637 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -35.890 % | £-19,739 | £35,260 |
| 3 Month Average | -15.465 % | £-8,505 | £46,494 |
| 6 Month Average | -1.732 % | £-952 | £54,047 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £93,436 | £92,000 | 32 CHICHESTER ROAD |
| 12 Mar 2024 | £73,123 | £72,000 | 3 - 5 STANHOPE PARADE |
| 14 Nov 2023 | £135,438 | £132,000 | 3 BEAUFRONT TERRACE |
| 8 Nov 2023 | £123,125 | £120,000 | 95 CHICHESTER ROAD |
| 31 Oct 2023 | £84,929 | £83,000 | 23 MILTON STREET |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 26 Apr 2018. Using an estimated price of £70,638 means this house is valued at £1,158 per sq meter (£107 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Chichester Place |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Chichester Place |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chichester Place |
| Jun 2024 | Anti-social behaviour | On or near Chichester Place | |
| Jun 2024 | Anti-social behaviour | On or near Chichester Place |