£124,405
This estimated value is based upon the latest sale price for the house of £26,500 on 12 Jun 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 |
---|---|
£26,500 | 12 Jun 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 624 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 June 1998 the House Price Index for TYNE AND WEAR was 31.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 369.456%.Applying this 369.456% change to the original purchase price of £26,500 results in an estimated price of approximately £124,405.
12 Jun 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.7 | 148.6 | 369.456 % | £26,500 | £97,905 | £124,405 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 193.361 % | £51,240 | £77,740 |
3 Month Average | 198.328 % | £52,556 | £79,056 |
6 Month Average | 222.416 % | £58,940 | £85,440 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £54,699 | £54,000 | 30 KITCHENER STREET |
21 Jul 2023 | £81,091 | £80,000 | 33 BADEN POWELL STREET |
6 Jun 2023 | £93,128 | £92,000 | 29 BADEN POWELL STREET |
20 Jan 2023 | £97,043 | £97,500 | 393 OLD DURHAM ROAD |
10 Aug 2022 | £70,311 | £70,500 | 16 BADEN POWELL STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 29 Oct 2014. Using an estimated price of £124,406 means this house is valued at £2,144 per sq meter (£199 per sq foot).
The average size of a house on OLD DURHAM ROAD is 83 sq meters (895 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Mafeking Street | |
Feb 2024 | Anti-social behaviour | On or near Mafeking Street | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Valley Gardens |
Mar 2024 | Burglary | Under investigation | On or near Valley Gardens |
Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Valley Gardens |