£81,464
This estimated value is based upon the latest sale price for the house of £53,000 on 2 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Farnham Road
More crime details
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| Price Paid | Date |
|---|---|
| £53,000 | 2 Jun 2014 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,174 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £53,000 results in an estimated price of approximately £81,464.
| 2 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £53,000 | £28,464 | £81,464 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -1.670 % | £-885 | £52,114 |
| 3 Month Average | 14.567 % | £7,720 | £60,720 |
| 6 Month Average | 24.279 % | £12,867 | £65,867 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £85,262 | £84,000 | 18 ALNWICK ROAD |
| 23 Aug 2023 | £113,997 | £113,000 | 102 VINE STREET |
| 20 Jun 2023 | £50,613 | £50,000 | 346 STANHOPE ROAD |
| 20 Feb 2023 | £60,959 | £61,000 | 70 VINE STREET |
| 17 Feb 2023 | £97,434 | £97,500 | 32 STODDART STREET |
This house has a floor area of 109 sq meters or 1,174 sq feet when measured on 16 Sep 2010. Using an estimated price of £81,465 means this house is valued at £746 per sq meter (£69 per sq foot).
The average size of a house on STODDART STREET is 98 sq meters (1,061 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Farnham Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farnham Road |
| Feb 2024 | Burglary | Under investigation | On or near Farnham Road |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Farnham Road |
| Jan 2024 | Burglary | Under investigation | On or near Farnham Road |