£127,862
This estimated value is based upon the latest sale price for the house of £103,000 on 19 Nov 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 |
|---|---|
| £103,000 | 19 Nov 2018 |
| £110,000 | 1 May 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 59 sq meters or 644 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 November 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £103,000 results in an estimated price of approximately £127,862.
| 19 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £103,000 | £24,862 | £127,862 |
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 | 15.864 % | £16,339 | £119,339 |
| 3 Month Average | 39.749 % | £40,941 | £143,941 |
| 6 Month Average | 27.264 % | £28,082 | £131,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2024 | £110,000 | £110,000 | 46 BURT AVENUE |
| 2 Jul 2024 | £75,000 | £75,000 | 4 FRONT TERRACE FRONT STREET |
| 2 Jul 2024 | £75,000 | £75,000 | 8 FRONT TERRACE FRONT STREET |
| 2 Jul 2024 | £75,000 | £75,000 | 5 FRONT TERRACE FRONT STREET |
| 19 Dec 2023 | £361,096 | £350,000 | 1 SIMPSON STREET |
This house has a floor area of 59 sq meters or 644 sq feet when measured on 16 Aug 2011. Using an estimated price of £127,863 means this house is valued at £2,134 per sq meter (£198 per sq foot).
The average size of a house on CHAPEL STREET is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Chapel Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Chapel Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mill Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mill Close |
| Aug 2024 | Anti-social behaviour | On or near Mill Close |