£146,690
This estimated value is based upon the latest sale price for the house of £112,000 on 3 Feb 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 |
---|---|
£112,000 | 3 Feb 2017 |
£80,000 | 4 Apr 2014 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 951 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £112,000 results in an estimated price of approximately £146,690.
3 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £112,000 | £34,690 | £146,690 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -11.268 % | £-12,619 | £99,380 |
3 Month Average | 3.648 % | £4,085 | £116,085 |
6 Month Average | 18.419 % | £20,629 | £132,629 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £192,412 | £186,500 | 1 SIMPSON STREET |
22 Sep 2023 | £158,494 | £155,000 | 5 CLIFTON CLOSE |
20 Mar 2023 | £215,601 | £212,000 | 16 THE LONNEN |
8 Jul 2022 | £95,962 | £95,000 | 9 SIMPSON STREET |
8 Apr 2022 | £90,256 | £87,000 | 5 CORONATION STREET |
This house has a floor area of 88 sq meters or 951 sq feet when measured on 11 May 2011. Using an estimated price of £146,690 means this house is valued at £1,659 per sq meter (£154 per sq foot).
The average size of a house on SIMPSON STREET is 99 sq meters (1,068 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near King Edward Road |
Apr 2024 | Other theft | Under investigation | On or near King Edward Road |
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hexham Old Road |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Lonnen |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Lonnen |