£123,353
This estimated value is based upon the latest sale price for the house of £73,000 on 12 Jan 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£73,000 | 12 Jan 2007 |
£16,000 | 24 Feb 1999 |
£15,000 | 24 Feb 1999 |
Flats/Maisonettes |
Leasehold |
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 2007 the House Price Index for TYNE AND WEAR was 60.6.
The House Price Index as of 1 Feb 2025 is 102.4 which is a change of 68.977%.Applying this 68.977% change to the original purchase price of £73,000 results in an estimated price of approximately £123,353.
12 Jan 2007 | 1 Feb 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.6 | 102.4 | 68.977 % | £73,000 | £50,353 | £123,353 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 6.507 % | £4,750 | £77,750 |
3 Month Average | 25.243 % | £18,427 | £91,427 |
6 Month Average | 29.066 % | £21,218 | £94,218 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Dec 2024 | £169,066 | £167,250 | 28 FIELD STREET |
15 Nov 2024 | £253,717 | £250,000 | 27 WILLIAM STREET |
15 Nov 2024 | £183,691 | £181,000 | 24 FIELD STREET |
16 Sep 2024 | £199,054 | £194,000 | 22 AUDLEY ROAD |
6 Aug 2024 | £128,643 | £125,000 | APARTMENT 2 AUDLEY HOUSE, 5 AUDLEY ROAD |
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2025 | Shoplifting | Investigation complete; no suspect identified | On or near Commercial Road |
Feb 2025 | Violence and sexual offences | Under investigation | On or near Commercial Road |
Jan 2025 | Other theft | Under investigation | On or near Commercial Road |
Jan 2025 | Criminal damage and arson | Under investigation | On or near Commercial Road |
Dec 2024 | Criminal damage and arson | Awaiting court outcome | On or near Commercial Road |