£79,792
This estimated value is based upon the latest sale price for the house of £65,000 on 22 Apr 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£65,000 | 22 Apr 2020 |
£27,000 | 5 Mar 1999 |
Terraced |
Freehold |
Floor Area: 77 sq meters or 828 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 April 2020 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £65,000 results in an estimated price of approximately £79,792.
22 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.758 % | £65,000 | £14,792 | £79,792 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -49.770 % | £-32,350 | £32,649 |
3 Month Average | 7.724 % | £5,020 | £70,020 |
6 Month Average | 19.987 % | £12,991 | £77,991 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £96,230 | £95,000 | 9 RIVER VIEW |
6 Apr 2023 | £111,197 | £110,000 | 2 STORE STREET |
31 Mar 2023 | £167,579 | £166,000 | 9 TYNE STREET |
17 Feb 2023 | £87,441 | £87,500 | 9 LITCHFIELD STREET |
30 May 2022 | £75,421 | £74,000 | 4 DENE TERRACE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 22 Jul 2013. Using an estimated price of £79,793 means this house is valued at £1,036 per sq meter (£96 per sq foot).
The average size of a house on LITCHFIELD STREET is 92 sq meters (1,000 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Alice Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Alice Street |
Mar 2024 | Public order | Under investigation | On or near Litchfield Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Litchfield Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Litchfield Street |