£320,810
This estimated value is based upon the latest sale price for the house of £257,500 on 30 Oct 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £257,500 | 30 Oct 2017 |
| £65,000 | 19 Feb 2016 |
| Terraced |
| Freehold |
| Floor Area: 145 sq meters or 1,560 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 October 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.586%.Applying this 24.586% change to the original purchase price of £257,500 results in an estimated price of approximately £320,810.
| 30 Oct 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 146.7 | 24.586 % | £257,500 | £63,310 | £320,810 |
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 | 49.403 % | £127,212 | £384,712 |
| 3 Month Average | 12.250 % | £31,543 | £289,043 |
| 6 Month Average | 12.479 % | £32,133 | £289,633 |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 29 Apr 2017.
The average size of a house on LANCASTER STREET is 141 sq meters (1,518 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lancaster Street |
| Jan 2024 | Public order | Awaiting court outcome | On or near Lancaster Street |
| Jan 2024 | Public order | Awaiting court outcome | On or near Lancaster Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lancaster Street |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Summerhill Street |