£149,811
This estimated value is based upon the latest sale price for the house of £120,000 on 17 Jul 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 17 Jul 2018 |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £120,000 results in an estimated price of approximately £149,811.
| 17 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £120,000 | £29,811 | £149,811 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 95.913 % | £115,095 | £235,095 |
| 3 Month Average | 64.221 % | £77,065 | £197,065 |
| 6 Month Average | 41.627 % | £49,952 | £169,952 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £143,244 | £142,000 | 9 KING JOHN STREET |
| 17 Nov 2023 | £128,256 | £125,000 | 54 MELDON TERRACE |
| 7 Nov 2023 | £152,881 | £149,000 | 62 KING JOHN STREET |
| 22 Sep 2023 | £174,088 | £170,250 | 40 MELDON TERRACE |
| 25 Aug 2023 | £154,283 | £151,500 | 32 MELDON TERRACE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 12 Mar 2020. Using an estimated price of £149,811 means this house is valued at £2,937 per sq meter (£272 per sq foot).
The average size of a house on MELDON TERRACE is 108 sq meters (1,171 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Anti-social behaviour | On or near King John Street | |
| Nov 2024 | Criminal damage and arson | Under investigation | On or near King John Street |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near King John Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near King John Street |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near King John Street |