£55,733
This estimated value is based upon the latest sale price for the house of £50,000 on 1 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £50,000 | 1 Oct 2021 |
| £145,000 | 3 Dec 2004 |
| £130,000 | 22 Oct 2004 |
| £130,000 | 22 Oct 2004 |
| £18,000 | 3 May 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 October 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £50,000 results in an estimated price of approximately £55,733.
| 1 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £50,000 | £5,733 | £55,733 |
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 | 57.099 % | £28,549 | £78,549 |
| 3 Month Average | 50.458 % | £25,228 | £75,228 |
| 6 Month Average | 22.858 % | £11,429 | £61,429 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jul 2024 | £100,000 | £100,000 | 218 ORPINGTON AVENUE |
| 30 May 2024 | £100,000 | £100,000 | 398 GRACE STREET |
| 28 Sep 2023 | £58,285 | £57,000 | 369 BENSON ROAD |
| 16 Jun 2023 | £88,269 | £86,500 | 392 GRACE STREET |
| 13 Jan 2023 | £99,265 | £99,000 | 184 BENSON ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 30 Jun 2015. Using an estimated price of £55,733 means this house is valued at £599 per sq meter (£55 per sq foot).
The average size of a house on SCARBOROUGH ROAD is 62 sq meters (671 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Alfred Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Alfred Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Alfred Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Alfred Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Alfred Street |