£125,965
This estimated value is based upon the latest sale price for the house of £67,000 on 21 Jan 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £67,000 | 21 Jan 2005 |
| £12,000 | 22 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 41 sq meters or 445 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 January 2005 the House Price Index for TYNE AND WEAR was 79.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.008%.Applying this 88.008% change to the original purchase price of £67,000 results in an estimated price of approximately £125,965.
| 21 Jan 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.0 | 148.6 | 88.008 % | £67,000 | £58,965 | £125,965 |
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 | -8.634 % | £-5,784 | £61,215 |
| 3 Month Average | -10.560 % | £-7,075 | £59,924 |
| 6 Month Average | 21.458 % | £14,377 | £81,377 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £91,352 | £90,000 | 53 BARING STREET |
| 28 Sep 2023 | £75,971 | £75,000 | 21 JULIAN STREET |
| 13 Sep 2023 | £116,489 | £115,000 | 33 JULIAN STREET |
| 7 Sep 2023 | £47,609 | £47,000 | 76 BARING STREET |
| 21 Apr 2023 | £126,361 | £125,000 | 51 SALMON STREET |
This house has a floor area of 41 sq meters or 445 sq feet when measured on 20 Apr 2010. Using an estimated price of £125,966 means this house is valued at £3,040 per sq meter (£282 per sq foot).
The average size of a house on FAIRLES STREET is 88 sq meters (953 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Fairles Street |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Fairles Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fairles Street |
| Mar 2024 | Anti-social behaviour | On or near Fairles Street | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Roman Road |