£97,554
This estimated value is based upon the latest sale price for the house of £75,000 on 8 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 8 Nov 2016 |
| £59,000 | 13 Jan 2012 |
| £72,000 | 9 Dec 2011 |
| £97,000 | 19 Jul 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.073%.Applying this 30.073% change to the original purchase price of £75,000 results in an estimated price of approximately £97,554.
| 8 Nov 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 146.7 | 30.073 % | £75,000 | £22,554 | £97,554 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 2.165 % | £1,623 | £76,623 |
| 3 Month Average | 4.485 % | £3,363 | £78,363 |
| 6 Month Average | 19.053 % | £14,289 | £89,289 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 16 Jun 2016.
There is one other house on the street which we know the size of, this is 8 FARNE TERRACE it is 87.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Farne Terrace |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Farne Terrace |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farne Terrace |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Wansbeck Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Welbeck Road |