£80,934
This estimated value is based upon the latest sale price for the house of £70,000 on 11 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 11 Dec 2020 |
| £30,000 | 15 Jun 2018 |
| £60,000 | 14 Jan 2009 |
| £25,000 | 12 Apr 2001 |
| £37,000 | 28 Nov 1997 |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 December 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £70,000 results in an estimated price of approximately £80,934.
| 11 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £70,000 | £10,934 | £80,934 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 12.594 % | £8,815 | £78,815 |
| 3 Month Average | 6.847 % | £4,793 | £74,793 |
| 6 Month Average | -3.325 % | £-2,327 | £67,672 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £152,859 | £150,000 | 19 LOWTHIAN TERRACE |
| 9 Feb 2023 | £50,336 | £50,000 | 51 WILLOWS CLOSE |
| 8 Sep 2022 | £69,953 | £70,000 | 7 WEAR TERRACE |
| 8 Sep 2022 | £69,953 | £70,000 | 8 WEAR TERRACE |
| 12 Jul 2022 | £66,668 | £66,000 | 35 WOODRIDGE GARDENS |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 2 Jan 2017. Using an estimated price of £80,935 means this house is valued at £1,527 per sq meter (£141 per sq foot).
The average size of a house on LOWTHIAN TERRACE is 85 sq meters (920 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lowthian Terrace |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Lowthian Terrace |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Lowthian Terrace |
| Sep 2024 | Anti-social behaviour | On or near Lowthian Terrace | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lowthian Terrace |