£421,537
This estimated value is based upon the latest sale price for the house of £165,000 on 23 Dec 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 |
|---|---|
| £165,000 | 23 Dec 2002 |
| £94,000 | 10 Nov 1998 |
| Detached |
| Freehold |
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 December 2002 the House Price Index for TYNE AND WEAR was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £165,000 results in an estimated price of approximately £421,537.
| 23 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £165,000 | £256,537 | £421,537 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 81.378 % | £134,274 | £299,274 |
| 3 Month Average | 162.765 % | £268,561 | £433,561 |
| 6 Month Average | 160.759 % | £265,252 | £430,252 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £125,427 | £123,500 | 91 WEST PERCY STREET |
| 18 Aug 2023 | £98,272 | £96,500 | 45A NILE STREET |
| 16 Jun 2023 | £387,771 | £380,000 | 20 SPRING TERRACE |
| 16 Jun 2023 | £193,885 | £190,000 | 21 SPRING TERRACE |
| 20 Mar 2023 | £254,246 | £250,000 | 18 ALBION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Nile Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Nile Street |
| Oct 2024 | Anti-social behaviour | On or near Nile Street | |
| Oct 2024 | Anti-social behaviour | On or near Nile Street | |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Nile Street |