£155,497
This estimated value is based upon the latest sale price for the house of £90,950 on 22 Aug 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £90,950 | 22 Aug 2006 |
| £70,750 | 15 Aug 2003 |
| £35,000 | 28 Jan 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 August 2006 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 70.970%.Applying this 70.970% change to the original purchase price of £90,950 results in an estimated price of approximately £155,497.
| 22 Aug 2006 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.0 | 70.970 % | £90,950 | £64,547 | £155,497 |
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 | 1.363 % | £1,239 | £92,189 |
| 3 Month Average | 1.384 % | £1,258 | £92,208 |
| 6 Month Average | 8.972 % | £8,159 | £99,109 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £225,763 | £225,000 | 16 BANBURY TERRACE |
| 29 Aug 2023 | £55,337 | £55,000 | 124 MORTIMER ROAD |
| 21 Aug 2023 | £183,617 | £182,500 | 50 OXFORD AVENUE |
| 21 Aug 2023 | £97,593 | £97,000 | 70 HEPSCOTT TERRACE |
| 4 Aug 2023 | £241,468 | £240,000 | 47 HEPSCOTT TERRACE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 27 Aug 2021. Using an estimated price of £155,498 means this house is valued at £1,943 per sq meter (£180 per sq foot).
The average size of a house on MORTIMER ROAD is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oxford Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Aston Street |
| Jan 2024 | Criminal damage and arson | Offender given a caution | On or near Aston Street |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Aston Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Aston Street |