£142,561
This estimated value is based upon the latest sale price for the house of £85,000 on 17 Apr 2013. 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 | 17 Apr 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 April 2013 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.719%.Applying this 67.719% change to the original purchase price of £85,000 results in an estimated price of approximately £142,561.
| 17 Apr 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 148.6 | 67.719 % | £85,000 | £57,561 | £142,561 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 95.091 % | £80,827 | £165,827 |
| 3 Month Average | 36.655 % | £31,156 | £116,156 |
| 6 Month Average | 15.871 % | £13,490 | £98,490 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £232,030 | £230,000 | 21 EAST GRANGE |
| 2 Jun 2023 | £156,901 | £155,000 | 14 JOANNAH STREET |
| 9 Mar 2023 | £166,569 | £165,000 | 6 JOANNAH STREET |
| 23 Sep 2022 | £121,023 | £122,000 | 138 NEWCASTLE ROAD |
| 10 Mar 2022 | £82,901 | £80,000 | APARTMENT 1 172 NEWCASTLE ROAD |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 21 Nov 2012. Using an estimated price of £142,561 means this house is valued at £3,564 per sq meter (£331 per sq foot).
The average size of a house on NEWCASTLE ROAD is 121 sq meters (1,308 sq feet).
This house is the smallest in the street with a floor area of 40 sq meters (430 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lamara Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lamara Drive |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lamara Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Road |
| Feb 2024 | Anti-social behaviour | On or near Joannah Street |