£131,920
This estimated value is based upon the latest sale price for the house of £106,000 on 22 Mar 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£106,000 | 22 Mar 2019 |
£89,000 | 29 Jul 2016 |
£48,000 | 31 Oct 2003 |
£20,000 | 21 Jun 1996 |
£18,000 | 23 Jun 1995 |
Terraced |
Freehold |
Floor Area: 63 sq meters or 678 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 March 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £106,000 results in an estimated price of approximately £131,920.
22 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.453 % | £106,000 | £25,920 | £131,920 |
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 | -62.864 % | £-66,635 | £39,364 |
3 Month Average | 4.405 % | £4,669 | £110,669 |
6 Month Average | -10.814 % | £-11,462 | £94,537 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £185,706 | £180,000 | 2 GLENCOE RISE |
24 Aug 2023 | £128,314 | £126,000 | 6 MARGARET TERRACE |
11 Aug 2023 | £112,071 | £110,050 | 27 MARGARET TERRACE |
4 Aug 2023 | £112,530 | £110,500 | 4 OLGA TERRACE |
23 Jun 2023 | £68,370 | £67,000 | 30 MARGARET TERRACE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 3 Jul 2015. Using an estimated price of £131,920 means this house is valued at £2,093 per sq meter (£194 per sq foot).
The average size of a house on NELL TERRACE is 93 sq meters (1,003 sq feet).
This house is the smallest in the street with a floor area of 63 sq meters (678 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Wellfield Road |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wellfield Road |
May 2024 | Violence and sexual offences | Under investigation | On or near Wellfield Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellfield Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |