£167,509
This estimated value is based upon the latest sale price for the house of £91,700 on 9 Sep 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £91,700 | 9 Sep 2005 |
| £49,950 | 3 May 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 September 2005 the House Price Index for TYNE AND WEAR was 81.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.671%.Applying this 82.671% change to the original purchase price of £91,700 results in an estimated price of approximately £167,509.
| 9 Sep 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 148.6 | 82.671 % | £91,700 | £75,809 | £167,509 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 50.209 % | £46,041 | £137,741 |
| 3 Month Average | 34.762 % | £31,876 | £123,576 |
| 6 Month Average | 61.476 % | £56,373 | £148,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £171,500 | £170,000 | 46 NEW ROAD |
| 30 Jun 2023 | £133,112 | £131,500 | 18 SOUTH CRESCENT |
| 20 May 2022 | £112,112 | £110,000 | 21 WESTWARD PLACE |
| 13 May 2022 | £108,036 | £106,000 | 24 EAST AVENUE |
| 14 Mar 2022 | £145,077 | £140,000 | 23 THE GENERALS WOOD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 8 Nov 2014. Using an estimated price of £167,509 means this house is valued at £2,175 per sq meter (£202 per sq foot).
There is one other house on the street which we know the size of, this is 18 SOUTH CRESCENT it is 72.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Under investigation | On or near South Crescent |
| Feb 2024 | Anti-social behaviour | On or near North Crescent | |
| Feb 2024 | Anti-social behaviour | On or near North Crescent | |
| Jan 2024 | Anti-social behaviour | On or near North Crescent | |
| Jan 2024 | Anti-social behaviour | On or near North Crescent |