£91,350
This estimated value is based upon the latest sale price for the house of £45,000 on 7 May 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £45,000 | 7 May 2004 |
| Terraced |
| Leasehold |
| Floor Area: 57 sq meters or 615 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 May 2004 the House Price Index for TYNE AND WEAR was 73.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 103.002%.Applying this 103.002% change to the original purchase price of £45,000 results in an estimated price of approximately £91,350.
| 7 May 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 149.7 | 103.002 % | £45,000 | £46,350 | £91,350 |
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 | 123.463 % | £55,558 | £100,558 |
| 3 Month Average | 92.643 % | £41,689 | £86,689 |
| 6 Month Average | 83.325 % | £37,496 | £82,496 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £127,000 | £127,000 | 19 ROSE STREET |
| 19 Mar 2024 | £95,213 | £93,750 | 42 MILLING COURT |
| 19 Dec 2023 | £108,329 | £105,000 | 72 MILLING COURT |
| 27 Oct 2023 | £122,789 | £120,000 | 13 ROSE STREET |
| 25 Aug 2022 | £251,174 | £250,000 | 26 SOUTH HILL ROAD |
This house has a floor area of 57 sq meters or 615 sq feet when measured on 13 Jan 2011. Using an estimated price of £91,351 means this house is valued at £1,598 per sq meter (£148 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tyne Road East |
| Oct 2024 | Anti-social behaviour | On or near Morrison Street | |
| Oct 2024 | Anti-social behaviour | On or near Morrison Street | |
| Oct 2024 | Anti-social behaviour | On or near Morrison Street | |
| Oct 2024 | Anti-social behaviour | On or near Morrison Street |