£101,048
This estimated value is based upon the latest sale price for the house of £68,000 on 23 Jan 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £68,000 | 23 Jan 2015 |
| £60,000 | 6 Aug 2004 |
| £16,250 | 14 Feb 2001 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 January 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £68,000 results in an estimated price of approximately £101,048.
| 23 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £68,000 | £33,048 | £101,048 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -19.623 % | £-13,343 | £54,656 |
| 3 Month Average | 16.731 % | £11,377 | £79,377 |
| 6 Month Average | 24.482 % | £16,648 | £84,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £101,503 | £100,000 | 17 GLADSTONE STREET |
| 4 Sep 2023 | £82,049 | £81,000 | 9 JOHNSON STREET |
| 20 Jun 2023 | £80,475 | £79,500 | 14 WEST VIEW |
| 19 Jun 2023 | £68,834 | £68,000 | 22 LESBURY STREET |
| 28 Feb 2023 | £87,941 | £88,000 | 27 INGOE STREET |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 18 Sep 2014. Using an estimated price of £101,048 means this house is valued at £1,052 per sq meter (£97 per sq foot).
The average size of a house on INGOE STREET is 99 sq meters (1,074 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ingoe Street |
| Feb 2024 | Anti-social behaviour | On or near Ingoe Street | |
| Feb 2024 | Anti-social behaviour | On or near Ingoe Street |