£126,705
This estimated value is based upon the latest sale price for the house of £125,000 on 21 Jul 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 21 Jul 2023 |
| £140,000 | 12 Oct 2007 |
| £69,000 | 26 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2023 the House Price Index for TYNE AND WEAR was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £125,000 results in an estimated price of approximately £126,705.
| 21 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £125,000 | £1,705 | £126,705 |
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 | 434.260 % | £542,825 | £667,825 |
| 3 Month Average | -2.791 % | £-3,488 | £121,511 |
| 6 Month Average | -2.736 % | £-3,419 | £121,580 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £126,705 | £125,000 | 208 CONDERCUM ROAD |
| 17 Feb 2023 | £132,911 | £133,000 | 120 - 122 CONDERCUM ROAD |
| 9 Feb 2023 | £44,970 | £45,000 | 148 COLSTON STREET |
| 16 Jan 2023 | £74,648 | £75,000 | 245 COLSTON STREET |
| 8 Aug 2022 | £89,758 | £90,000 | 90 - 92 COLSTON STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 10 Mar 2018. Using an estimated price of £126,705 means this house is valued at £1,863 per sq meter (£173 per sq foot).
The average size of a house on CONDERCUM ROAD is 70 sq meters (757 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Condercum Road |
| Mar 2024 | Drugs | Under investigation | On or near Condercum Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Condercum Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Condercum Road |
| Mar 2024 | Drugs | Under investigation | On or near Condercum Road |