£153,689
This estimated value is based upon the latest sale price for the house of £27,500 on 24 May 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £27,500 | 24 May 1996 |
| 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 May 1996 the House Price Index for TYNE AND WEAR was 26.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 458.870%.Applying this 458.870% change to the original purchase price of £27,500 results in an estimated price of approximately £153,689.
| 24 May 1996 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.0 | 458.870 % | £27,500 | £126,189 | £153,689 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 163.038 % | £44,835 | £72,335 |
| 3 Month Average | 254.291 % | £69,929 | £97,429 |
| 6 Month Average | 267.311 % | £73,510 | £101,010 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £86,105 | £85,000 | 5 IONA ROAD |
| 27 Nov 2023 | £61,793 | £61,000 | 56 ESK STREET |
| 30 Mar 2023 | £115,625 | £115,000 | 67 IONA ROAD |
| 5 Aug 2022 | £54,631 | £55,000 | 26 ESK STREET |
| 5 Aug 2022 | £54,631 | £55,000 | 28 ESK STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Esk Street |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Esk Street |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Esk Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Esk Street |
| Mar 2024 | Anti-social behaviour | On or near Esk Street |