£133,359
This estimated value is based upon the latest sale price for the house of £85,000 on 14 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£85,000 | 14 Aug 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £85,000 results in an estimated price of approximately £133,359.
14 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.7 | 148.6 | 56.893 % | £85,000 | £48,359 | £133,359 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -0.416 % | £-353 | £84,646 |
3 Month Average | 10.706 % | £9,100 | £94,100 |
6 Month Average | 17.153 % | £14,579 | £99,579 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £106,000 | £106,000 | 48 CROFTON STREET |
17 Jul 2023 | £86,160 | £85,000 | 19 CROFTON STREET |
14 Jul 2023 | £79,064 | £78,000 | 92 RICHMOND ROAD |
10 Mar 2023 | £63,599 | £63,000 | 127 WHITEHALL STREET |
29 Jul 2022 | £82,221 | £82,000 | 10 CROFTON STREET |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 5 Jul 2021. Using an estimated price of £133,359 means this house is valued at £2,260 per sq meter (£209 per sq foot).
The average size of a house on RICHMOND ROAD is 76 sq meters (819 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Richmond Road |