£47,581
This estimated value is based upon the latest sale price for the house of £18,400 on 29 Nov 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £18,400 | 29 Nov 2002 |
| £9,000 | 8 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 21 sq meters or 226 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 2002 the House Price Index for TYNE AND WEAR was 57.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 158.595%.Applying this 158.595% change to the original purchase price of £18,400 results in an estimated price of approximately £47,581.
| 29 Nov 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 149.7 | 158.595 % | £18,400 | £29,181 | £47,581 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 209.976 % | £38,635 | £57,035 |
| 3 Month Average | 235.174 % | £43,272 | £61,672 |
| 6 Month Average | 206.635 % | £38,020 | £56,420 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £91,653 | £90,000 | 15 PROSPECT COURT |
| 18 Aug 2023 | £45,827 | £45,000 | 12 PROSPECT COURT |
| 18 Aug 2023 | £42,771 | £42,000 | 10 PROSPECT COURT |
| 18 Aug 2023 | £94,708 | £93,000 | 3 PROSPECT COURT |
| 18 Aug 2023 | £91,653 | £90,000 | 5 PROSPECT COURT |
This house has a floor area of 21 sq meters or 226 sq feet when measured on 13 Jul 2019. Using an estimated price of £47,582 means this house is valued at £2,265 per sq meter (£210 per sq foot).
The average size of a house on PROSPECT COURT is 36 sq meters (394 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Investigation complete; no suspect identified | On or near Prospect Place |
| May 2024 | Violence and sexual offences | Under investigation | On or near Prospect Place |
| Apr 2024 | Drugs | Under investigation | On or near Prospect Place |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Prospect Place |
| Jul 2024 | Anti-social behaviour | On or near Cookson Street |