£161,116
This estimated value is based upon the latest sale price for the house of £90,000 on 10 Feb 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£90,000 | 10 Feb 2006 |
£92,000 | 10 Feb 2006 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 February 2006 the House Price Index for TYNE AND WEAR was 83.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 79.018%.Applying this 79.018% change to the original purchase price of £90,000 results in an estimated price of approximately £161,116.
10 Feb 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
83.6 | 149.7 | 79.018 % | £90,000 | £71,116 | £161,116 |
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 | 62.840 % | £56,555 | £146,555 |
3 Month Average | 57.481 % | £51,733 | £141,733 |
6 Month Average | 48.556 % | £43,700 | £133,700 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Apr 2024 | £49,934 | £49,500 | 152 HUGH GARDENS |
11 Mar 2024 | £116,794 | £115,000 | 193 HUGH GARDENS |
17 Apr 2023 | £71,334 | £70,000 | 5 COCHRANE COURT |
29 Mar 2023 | £50,849 | £50,000 | 125 ETHEL STREET |
8 Mar 2023 | £508,492 | £500,000 | UNIT 1 95 - 109 ADELAIDE TERRACE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 3 Aug 2012. Using an estimated price of £161,116 means this house is valued at £2,335 per sq meter (£216 per sq foot).
The average size of a house on HUGH GARDENS is 83 sq meters (901 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Robbery | Under investigation | On or near Lawson Terrace |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lawson Terrace |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lawson Terrace |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Lawson Terrace |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lawson Terrace |