£242,290
This estimated value is based upon the latest sale price for the house of £160,000 on 15 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£160,000 | 15 Aug 2014 |
£45,500 | 10 Jan 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 35 sq meters or 376 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £160,000 results in an estimated price of approximately £242,290.
15 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.1 | 148.6 | 51.432 % | £160,000 | £82,290 | £242,290 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | 3.885 % | £6,215 | £166,215 |
3 Month Average | 50.428 % | £80,684 | £240,684 |
6 Month Average | 51.660 % | £82,655 | £242,655 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £149,717 | £147,500 | 2C KING STREET |
18 Aug 2023 | £89,785 | £89,000 | 23E QUEEN STREET |
10 Feb 2023 | £254,829 | £255,000 | 2 AKENSIDE HOUSE AKENSIDE HILL |
19 Oct 2022 | £174,125 | £176,000 | 9B AKENSIDE HILL |
8 Apr 2022 | £97,831 | £95,000 | 2J KING STREET |
This house has a floor area of 35 sq meters or 376 sq feet when measured on 12 Dec 2019. Using an estimated price of £242,291 means this house is valued at £6,922 per sq meter (£643 per sq foot).
The average size of a house on QUEEN STREET is 78 sq meters (844 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Queen Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Queen Street |
Mar 2024 | Public order | Under investigation | On or near Parking Area |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Parking Area |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Queen Street |