£70,510
This estimated value is based upon the latest sale price for the house of £54,000 on 17 Mar 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 |
|---|---|
| £54,000 | 17 Mar 2017 |
| £50,000 | 10 Feb 2005 |
| Terraced |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £54,000 results in an estimated price of approximately £70,510.
| 17 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £54,000 | £16,510 | £70,510 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 24.157 % | £13,044 | £67,044 |
| 3 Month Average | 50.825 % | £27,445 | £81,445 |
| 6 Month Average | 41.595 % | £22,461 | £76,461 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £58,905 | £58,000 | 129 CHIRTON WEST VIEW |
| 3 Nov 2023 | £66,693 | £65,000 | 53 STORMONT STREET |
| 21 Aug 2023 | £122,204 | £120,000 | 99 CHIRTON WEST VIEW |
| 30 Jun 2023 | £93,881 | £92,000 | 142 CHIRTON WEST VIEW |
| 23 Mar 2023 | £145,937 | £143,500 | 5 HENRY STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 17 Aug 2021. Using an estimated price of £70,511 means this house is valued at £1,007 per sq meter (£93 per sq foot).
The average size of a house on STORMONT STREET is 75 sq meters (817 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stormont Street |
| Aug 2024 | Drugs | Investigation complete; no suspect identified | On or near Stormont Street |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Stormont Street |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Laurel Heights |
| Oct 2024 | Anti-social behaviour | On or near Hylton Street |