£122,501
This estimated value is based upon the latest sale price for the house of £47,950 on 20 Dec 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near George Road
More crime details
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| Price Paid | Date |
|---|---|
| £47,950 | 20 Dec 2002 |
| 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 December 2002 the House Price Index for TYNE AND WEAR was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £47,950 results in an estimated price of approximately £122,501.
| 20 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £47,950 | £74,551 | £122,501 |
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 | 228.415 % | £109,524 | £157,474 |
| 3 Month Average | 223.244 % | £107,045 | £154,995 |
| 6 Month Average | 166.659 % | £79,912 | £127,862 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2024 | £92,500 | £92,500 | 23 NITHDALE CLOSE |
| 30 Apr 2024 | £126,095 | £125,000 | 9 THE AVENUE |
| 20 Dec 2023 | £116,582 | £113,000 | 47 TUMULUS AVENUE |
| 9 Dec 2023 | £113,487 | £110,000 | 88 GEORGE ROAD |
| 13 Nov 2023 | £121,073 | £118,000 | 6 NITHDALE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other crime | Investigation complete; no suspect identified | On or near George Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near George Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near George Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near George Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Philiphaugh |