£58,598
This estimated value is based upon the latest sale price for the house of £45,000 on 3 Apr 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 |
|---|---|
| £45,000 | 3 Apr 2017 |
| £47,500 | 27 Oct 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 April 2017 the House Price Index for TYNE AND WEAR was 115.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.219%.Applying this 30.219% change to the original purchase price of £45,000 results in an estimated price of approximately £58,598.
| 3 Apr 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 149.7 | 30.219 % | £45,000 | £13,598 | £58,598 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 51.839 % | £23,327 | £68,327 |
| 3 Month Average | 16.716 % | £7,522 | £52,522 |
| 6 Month Average | 17.931 % | £8,069 | £53,069 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £71,578 | £70,000 | 368 OLD DURHAM ROAD |
| 22 Aug 2023 | £56,010 | £55,000 | 74 NORTHBOURNE STREET |
| 27 May 2022 | £215,959 | £210,333 | 68 INSKIP TERRACE |
| 6 May 2022 | £138,611 | £135,000 | 376 OLD DURHAM ROAD |
| 6 May 2022 | £138,611 | £135,000 | 374 OLD DURHAM ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 15 Jan 2020. Using an estimated price of £58,599 means this house is valued at £887 per sq meter (£82 per sq foot).
The average size of a house on OLD DURHAM ROAD is 103 sq meters (1,117 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newman Terrace |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newman Terrace |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Newman Terrace |
| Oct 2024 | Anti-social behaviour | On or near Newman Terrace | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newman Terrace |