£56,117
This estimated value is based upon the latest sale price for the house of £56,500 on 4 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Otto Terrace
More crime details
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £56,500 | 4 Aug 2023 |
| £115,000 | 9 Jan 2004 |
| £45,000 | 11 Apr 1997 |
| £47,500 | 27 Jan 1995 |
| Terraced |
| Freehold |
| Floor Area: 202 sq meters or 2,174 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 August 2023 the House Price Index for TYNE AND WEAR was 147.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.677%.Applying this -0.677% change to the original purchase price of £56,500 results in an estimated price of approximately £56,117.
| 4 Aug 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.7 | 146.7 | -0.677 % | £56,500 | £-382 | £56,117 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -13.831 % | £-7,814 | £48,685 |
| 3 Month Average | -16.904 % | £-9,550 | £46,949 |
| 6 Month Average | -6.350 % | £-3,587 | £52,912 |
This house has a floor area of 202 sq meters or 2,174 sq feet when measured on 16 May 2016.
The average size of a house on OTTO TERRACE is 172 sq meters (1,856 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Otto Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Otto Terrace |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Otto Terrace |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Ashwood Terrace |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ashwood Terrace |