£67,085
This estimated value is based upon the latest sale price for the house of £65,000 on 25 Mar 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 25 Mar 2022 |
| £22,000 | 2 Oct 2002 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2022 the House Price Index for TYNE AND WEAR was 143.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 3.208%.Applying this 3.208% change to the original purchase price of £65,000 results in an estimated price of approximately £67,085.
| 25 Mar 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.0 | 3.208 % | £65,000 | £2,085 | £67,085 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -9.981 % | £-6,487 | £58,512 |
| 3 Month Average | -3.023 % | £-1,964 | £63,035 |
| 6 Month Average | 2.578 % | £1,675 | £66,675 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £60,138 | £59,000 | 1 FINSBURY STREET |
| 3 Aug 2023 | £63,385 | £63,000 | 12 EMPRESS STREET |
| 30 Jun 2023 | £45,368 | £45,000 | 1 EMPRESS STREET |
| 29 Mar 2023 | £61,332 | £61,000 | 14 ROSS STREET |
| 26 Jan 2023 | £60,469 | £61,000 | 7 BYRON STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 5 Jul 2013. Using an estimated price of £67,085 means this house is valued at £894 per sq meter (£83 per sq foot).
The average size of a house on WALLACE STREET is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Ross Street |
| Jan 2024 | Anti-social behaviour | On or near Wallace Street | |
| Jan 2024 | Anti-social behaviour | On or near Wallace Street | |
| Jan 2024 | Anti-social behaviour | On or near Wallace Street | |
| Jan 2024 | Anti-social behaviour | On or near Wallace Street |