£331,241
This estimated value is based upon the latest sale price for the house of £325,000 on 20 May 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £325,000 | 20 May 2022 |
| £122,000 | 28 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2022 the House Price Index for TYNE AND WEAR was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £325,000 results in an estimated price of approximately £331,241.
| 20 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.6 | 1.920 % | £325,000 | £6,241 | £331,241 |
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 | 31.460 % | £102,246 | £427,246 |
| 3 Month Average | 9.319 % | £30,287 | £355,287 |
| 6 Month Average | 6.999 % | £22,746 | £347,746 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £374,808 | £368,250 | 61 ALWINTON TERRACE |
| 1 Dec 2023 | £763,356 | £750,000 | 2 LANSDOWNE TERRACE EAST |
| 22 Sep 2023 | £420,375 | £415,000 | 16 ROTHWELL ROAD |
| 2 Jun 2023 | £506,131 | £500,000 | 23 ROTHWELL ROAD |
| 6 Apr 2023 | £389,190 | £385,000 | 70 ROTHWELL ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 6 Oct 2010. Using an estimated price of £331,241 means this house is valued at £4,039 per sq meter (£375 per sq foot).
The average size of a house on SPITAL TERRACE is 133 sq meters (1,435 sq feet).
This house is the smallest in the street with a floor area of 82 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rothwell Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spital Terrace |
| Dec 2023 | Anti-social behaviour | On or near Alwinton Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Alwinton Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Alwinton Terrace |