£230,378
This estimated value is based upon the latest sale price for the house of £185,000 on 3 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 3 May 2019 |
| £120,000 | 21 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 137 sq meters or 1,474 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £185,000 results in an estimated price of approximately £230,378.
| 3 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £185,000 | £45,378 | £230,378 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 77.296 % | £142,997 | £327,997 |
| 3 Month Average | 28.038 % | £51,870 | £236,870 |
| 6 Month Average | 20.980 % | £38,812 | £223,812 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £161,402 | £160,000 | 134 ALBERT ROAD |
| 17 Nov 2023 | £222,652 | £217,000 | 62 CROFT TERRACE |
| 10 Mar 2023 | £223,736 | £220,000 | 38 CROFT TERRACE |
| 10 Mar 2023 | £111,868 | £110,000 | 60 WUPPERTAL COURT |
| 24 Feb 2023 | £95,639 | £95,000 | 48 ELBERFELD COURT |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 26 May 2017. Using an estimated price of £230,378 means this house is valued at £1,681 per sq meter (£156 per sq foot).
The average size of a house on CROFT TERRACE is 152 sq meters (1,639 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Croft Terrace |
| Oct 2024 | Other crime | Under investigation | On or near Croft Terrace |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Croft Terrace |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Croft Terrace |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Croft Terrace |