£305,901
This estimated value is based upon the latest sale price for the house of £197,500 on 29 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 |
|---|---|
| £197,500 | 29 Aug 2007 |
| £115,000 | 12 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 136 sq meters or 1,463 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 Feb 2024 is 146.7 which is a change of 54.887%.Applying this 54.887% change to the original purchase price of £197,500 results in an estimated price of approximately £305,901.
| 29 Aug 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 146.7 | 54.887 % | £197,500 | £108,401 | £305,901 |
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 | -28.506 % | £-56,299 | £141,200 |
| 3 Month Average | -14.122 % | £-27,891 | £169,608 |
| 6 Month Average | 5.131 % | £10,133 | £207,633 |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 30 Apr 2016.
The average size of a house on CHICHESTER ROAD is 91 sq meters (988 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near West George Potts Street |
| Mar 2024 | Drugs | Under investigation | On or near West George Potts Street |
| Mar 2024 | Anti-social behaviour | On or near West George Potts Street | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near West George Potts Street |
| Mar 2024 | Anti-social behaviour | On or near West George Potts Street |