£114,030
This estimated value is based upon the latest sale price for the house of £65,000 on 17 Feb 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 17 Feb 2006 |
| £14,000 | 9 Jul 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 2006 the House Price Index for TYNE AND WEAR was 83.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 75.431%.Applying this 75.431% change to the original purchase price of £65,000 results in an estimated price of approximately £114,030.
| 17 Feb 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.6 | 146.7 | 75.431 % | £65,000 | £49,030 | £114,030 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 12.438 % | £8,084 | £73,084 |
| 3 Month Average | 15.321 % | £9,958 | £74,958 |
| 6 Month Average | 18.704 % | £12,157 | £77,157 |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 8 Jul 2013.
The average size of a house on SHIPCOTE TERRACE is 74 sq meters (806 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Shipcote Terrace | |
| Feb 2024 | Other theft | Under investigation | On or near Shipcote Terrace |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Shipcote Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shipcote Terrace |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Shipcote Terrace |