£182,102
This estimated value is based upon the latest sale price for the house of £140,000 on 4 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 4 Nov 2016 |
| £72,000 | 3 Oct 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,813 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.073%.Applying this 30.073% change to the original purchase price of £140,000 results in an estimated price of approximately £182,102.
| 4 Nov 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 146.7 | 30.073 % | £140,000 | £42,102 | £182,102 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -12.395 % | £-17,353 | £122,646 |
| 3 Month Average | 24.961 % | £34,945 | £174,945 |
| 6 Month Average | 8.127 % | £11,377 | £151,377 |
This house has a floor area of 168 sq meters or 1,813 sq feet when measured on 7 May 2010.
The average size of a house on VICTORIA ROAD WEST is 101 sq meters (1,095 sq feet).
This house is the largest in the street with a floor area of 168 sq meters (1,813 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Derby Crescent |
| Feb 2024 | Public order | Under investigation | On or near Derby Crescent |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Alfred Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kent Avenue |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Kent Avenue |