£135,392
This estimated value is based upon the latest sale price for the house of £49,000 on 2 Aug 2002. 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 | 2 Aug 2002 |
| Terraced |
| Freehold |
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 2002 the House Price Index for TYNE AND WEAR was 54.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 176.311%.Applying this 176.311% change to the original purchase price of £49,000 results in an estimated price of approximately £135,392.
| 2 Aug 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 149.7 | 176.311 % | £49,000 | £86,392 | £135,392 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 8.421 % | £4,126 | £53,126 |
| 3 Month Average | 69.671 % | £34,138 | £83,138 |
| 6 Month Average | 88.421 % | £43,326 | £92,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £150,314 | £147,000 | 12 MILLERS HILL |
| 16 Jun 2023 | £91,840 | £90,000 | 33 SOUTH BURN TERRACE |
| 2 Jun 2023 | £46,941 | £46,000 | 23 MEADOW TERRACE |
| 31 Mar 2023 | £91,529 | £90,000 | 11 MARKET CRESCENT |
| 10 Mar 2023 | £340,690 | £335,000 | 1 ELM GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Surrey Street |
| May 2024 | Violence and sexual offences | Under investigation | On or near Surrey Street |
| Jul 2024 | Anti-social behaviour | On or near Surrey Place | |
| Jun 2024 | Drugs | Under investigation | On or near Surrey Place |
| Jun 2024 | Possession of weapons | Under investigation | On or near Surrey Place |