£354,754
This estimated value is based upon the latest sale price for the house of £260,000 on 29 Apr 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 |
|---|---|
| £260,000 | 29 Apr 2016 |
| £270,000 | 22 Apr 2016 |
| £233,000 | 18 Mar 2005 |
| £121,500 | 1 Mar 2002 |
| Semi-Detached |
| Freehold |
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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.444%.Applying this 36.444% change to the original purchase price of £260,000 results in an estimated price of approximately £354,754.
| 29 Apr 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 149.7 | 36.444 % | £260,000 | £94,754 | £354,754 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 9.767 % | £25,393 | £285,393 |
| 3 Month Average | 34.690 % | £90,193 | £350,193 |
| 6 Month Average | 24.860 % | £64,635 | £324,635 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £210,738 | £207,500 | 98 BEDE BURN ROAD |
| 18 Dec 2023 | £54,782 | £53,099 | 1 SUFFOLK STREET |
| 1 Sep 2023 | £309,319 | £302,500 | 60 BEDE BURN ROAD |
| 20 Apr 2023 | £228,270 | £224,000 | 41 BEDE BURN ROAD |
| 31 Mar 2023 | £327,469 | £322,000 | 4 SURREY STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Victoria Terrace | |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Victoria Terrace |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Victoria Terrace |
| Jul 2024 | Anti-social behaviour | On or near Victoria Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Victoria Terrace |