£406,844
This estimated value is based upon the latest sale price for the house of £240,000 on 7 Feb 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Washington Terrace
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| Price Paid | Date |
|---|---|
| £240,000 | 7 Feb 2011 |
| £165,000 | 2 Feb 2004 |
| £145,000 | 24 Oct 2002 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,331 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 2011 the House Price Index for TYNE AND WEAR was 86.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 69.519%.Applying this 69.519% change to the original purchase price of £240,000 results in an estimated price of approximately £406,844.
| 7 Feb 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 146.7 | 69.519 % | £240,000 | £166,844 | £406,844 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 42.492 % | £101,980 | £341,980 |
| 3 Month Average | 32.127 % | £77,105 | £317,105 |
| 6 Month Average | 35.856 % | £86,053 | £326,053 |
This house has a floor area of 123 sq meters or 1,331 sq feet when measured on 18 May 2009.
The average size of a house on PARK TERRACE is 104 sq meters (1,124 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Washington Terrace |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Washington Terrace |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Washington Terrace |
| Feb 2024 | Anti-social behaviour | On or near Washington Terrace | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Washington Terrace |