£136,390
This estimated value is based upon the latest sale price for the house of £29,450 on 9 Oct 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£29,450 | 9 Oct 1998 |
£25,500 | 25 May 1995 |
Terraced |
Freehold |
Floor Area: 51 sq meters or 549 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 October 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.127%.Applying this 363.127% change to the original purchase price of £29,450 results in an estimated price of approximately £136,390.
9 Oct 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 148.6 | 363.127 % | £29,450 | £106,940 | £136,390 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 205.568 % | £60,539 | £89,989 |
3 Month Average | 285.754 % | £84,154 | £113,604 |
6 Month Average | 266.310 % | £78,428 | £107,878 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £96,230 | £95,000 | 31 SPENCER TERRACE |
30 Jun 2023 | £216,624 | £214,000 | 17 BECKSIDE GARDENS |
17 Mar 2023 | £186,255 | £184,500 | 2 BECKSIDE GARDENS |
27 Feb 2023 | £113,923 | £114,000 | 13 STEPHENSON TERRACE |
2 Nov 2022 | £217,367 | £220,000 | 31 BECKSIDE GARDENS |
This house has a floor area of 51 sq meters or 549 sq feet when measured on 14 Oct 2009. Using an estimated price of £136,391 means this house is valued at £2,672 per sq meter (£248 per sq foot).
The average size of a house on WEST SPENCER TERRACE is 76 sq meters (818 sq feet).
This house is the smallest in the street with a floor area of 51 sq meters (549 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Drugs | Under investigation | On or near Bus/Coach Station |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bus/Coach Station |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bus/Coach Station |