£74,054
This estimated value is based upon the latest sale price for the house of £30,000 on 28 Feb 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£30,000 | 28 Feb 2003 |
Terraced |
Freehold |
Floor Area: 98 sq meters or 1,054 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 2003 the House Price Index for TYNE AND WEAR was 60.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 146.849%.Applying this 146.849% change to the original purchase price of £30,000 results in an estimated price of approximately £74,054.
28 Feb 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.6 | 149.7 | 146.849 % | £30,000 | £44,054 | £74,054 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 55.665 % | £16,699 | £46,699 |
3 Month Average | 73.680 % | £22,103 | £52,103 |
6 Month Average | 88.205 % | £26,461 | £56,461 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £83,727 | £83,000 | 40 OUTRAM STREET |
26 Jun 2023 | £112,249 | £110,000 | 31 IRONSIDE STREET |
23 Feb 2023 | £56,075 | £55,700 | 15 OUTRAM STREET |
24 Feb 2022 | £71,839 | £68,000 | 33 OUTRAM STREET |
3 Dec 2021 | £124,120 | £115,000 | 20 EDWIN STREET |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 19 Sep 2013. Using an estimated price of £74,055 means this house is valued at £755 per sq meter (£70 per sq foot).
The average size of a house on IRONSIDE STREET is 93 sq meters (1,010 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Edwin Street |
May 2024 | Violence and sexual offences | Under investigation | On or near Outram Street |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Elizabeth Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Elizabeth Street |
Jul 2024 | Drugs | Under investigation | On or near Elizabeth Street |