£86,355
This estimated value is based upon the latest sale price for the house of £58,000 on 10 Feb 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £58,000 | 10 Feb 2015 |
| £72,500 | 30 Jun 2010 |
| £23,000 | 7 Feb 2003 |
| £14,500 | 14 Jul 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 734 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 February 2015 the House Price Index for TYNE AND WEAR was 100.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.888%.Applying this 48.888% change to the original purchase price of £58,000 results in an estimated price of approximately £86,355.
| 10 Feb 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 149.7 | 48.888 % | £58,000 | £28,355 | £86,355 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 41.260 % | £23,930 | £81,930 |
| 3 Month Average | 27.948 % | £16,209 | £74,209 |
| 6 Month Average | 18.723 % | £10,859 | £68,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2024 | £95,000 | £95,000 | 91 RABY STREET |
| 19 Dec 2023 | £361,096 | £350,000 | 121 NORTHBOURNE STREET |
| 16 Nov 2023 | £61,563 | £60,000 | 117 NORTHBOURNE STREET |
| 10 Oct 2023 | £73,673 | £72,000 | 28 RABY STREET |
| 22 Aug 2023 | £56,010 | £55,000 | 74 NORTHBOURNE STREET |
This house has a floor area of 68 sq meters or 734 sq feet when measured on 27 Oct 2009. Using an estimated price of £86,355 means this house is valued at £1,265 per sq meter (£117 per sq foot).
The average size of a house on RABY STREET is 81 sq meters (874 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Under investigation | On or near Raby Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Raby Street |
| Sep 2024 | Robbery | Investigation complete; no suspect identified | On or near Raby Street |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Raby Street |
| Aug 2024 | Anti-social behaviour | On or near Raby Street |