£66,385
This estimated value is based upon the latest sale price for the house of £49,000 on 15 Jan 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £49,000 | 15 Jan 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 2016 the House Price Index for TYNE AND WEAR was 108.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 35.481%.Applying this 35.481% change to the original purchase price of £49,000 results in an estimated price of approximately £66,385.
| 15 Jan 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 146.7 | 35.481 % | £49,000 | £17,385 | £66,385 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 35.824 % | £17,553 | £66,553 |
| 3 Month Average | 29.428 % | £14,419 | £63,419 |
| 6 Month Average | 31.336 % | £15,354 | £64,354 |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 9 Nov 2015.
The average size of a house on SPENCE TERRACE is 69 sq meters (749 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Spence Terrace | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spence Terrace |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spence Terrace |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Spence Terrace |
| Dec 2023 | Shoplifting | Under investigation | On or near Spence Terrace |