£29,960
This estimated value is based upon the latest sale price for the house of £6,000 on 29 Sep 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £6,000 | 29 Sep 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 648 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 September 1997 the House Price Index for TYNE AND WEAR was 29.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 399.345%.Applying this 399.345% change to the original purchase price of £6,000 results in an estimated price of approximately £29,960.
| 29 Sep 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.8 | 148.6 | 399.345 % | £6,000 | £23,960 | £29,960 |
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 | 325.833 % | £19,550 | £25,550 |
| 3 Month Average | 354.317 % | £21,259 | £27,259 |
| 6 Month Average | 349.226 % | £20,953 | £26,953 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2023 | £60,819 | £60,000 | 93 ADELAIDE TERRACE |
| 29 Mar 2023 | £70,666 | £70,000 | 127 ETHEL STREET |
| 29 Mar 2023 | £50,476 | £50,000 | 125 ETHEL STREET |
| 8 Mar 2023 | £504,755 | £500,000 | UNIT 1 95 - 109 ADELAIDE TERRACE |
| 2 Mar 2023 | £302,853 | £300,000 | 136 ARMSTRONG ROAD |
This house has a floor area of 60 sq meters or 648 sq feet when measured on 10 Jan 2012. Using an estimated price of £29,961 means this house is valued at £497 per sq meter (£46 per sq foot).
The average size of a house on ARMSTRONG ROAD is 118 sq meters (1,275 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (648 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Clara Street |