£297,585
This estimated value is based upon the latest sale price for the house of £187,500 on 28 Mar 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £187,500 | 28 Mar 2008 |
| £88,000 | 1 Apr 1998 |
| Terraced |
| Freehold |
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 March 2008 the House Price Index for TYNE AND WEAR was 94.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.712%.Applying this 58.712% change to the original purchase price of £187,500 results in an estimated price of approximately £297,585.
| 28 Mar 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 149.7 | 58.712 % | £187,500 | £110,085 | £297,585 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 41.371 % | £77,570 | £265,070 |
| 3 Month Average | 57.011 % | £106,896 | £294,396 |
| 6 Month Average | 75.712 % | £141,959 | £329,459 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £208,199 | £205,000 | 2 ALBION ROAD |
| 10 Feb 2023 | £296,984 | £295,000 | 24 NORTHUMBERLAND SQUARE |
| 24 Jan 2023 | £132,354 | £132,000 | 117 STEPHENSON STREET |
| 25 Aug 2022 | £221,034 | £220,000 | 13E NORTHUMBERLAND SQUARE |
| 6 Jul 2022 | £114,144 | £113,000 | 121 STEPHENSON STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Upper Norfolk Street | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Upper Norfolk Street |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Upper Norfolk Street |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Suez Street |
| Oct 2024 | Anti-social behaviour | On or near Suez Street |