£60,961
This estimated value is based upon the latest sale price for the house of £57,500 on 19 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £57,500 | 19 Jan 2022 |
| £33,500 | 28 Nov 2002 |
| £25,000 | 11 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £57,500 results in an estimated price of approximately £60,961.
| 19 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £57,500 | £3,461 | £60,961 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 161.451 % | £92,834 | £150,334 |
| 3 Month Average | 12.576 % | £7,231 | £64,731 |
| 6 Month Average | 11.501 % | £6,613 | £64,113 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Oct 2023 | £51,162 | £50,000 | 22 DACRE STREET |
| 10 Jan 2023 | £39,104 | £39,000 | 11 DACRE STREET |
| 20 Oct 2022 | £64,784 | £65,000 | 4 REKENDYKE MEWS LAYGATE |
| 24 Jun 2022 | £60,289 | £59,000 | 39 DACRE STREET |
| 27 Apr 2022 | £59,133 | £57,000 | 58 DACRE STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 10 Sep 2013. Using an estimated price of £60,961 means this house is valued at £791 per sq meter (£73 per sq foot).
The average size of a house on EGLESFIELD ROAD is 83 sq meters (898 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Eglesfield Road |