£161,561
This estimated value is based upon the latest sale price for the house of £158,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £158,000 | 29 Sep 2023 |
| £105,000 | 1 Apr 2021 |
| £84,000 | 26 Jun 2015 |
| £19,500 | 25 Mar 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £158,000 results in an estimated price of approximately £161,561.
| 29 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £158,000 | £3,561 | £161,561 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -52.354 % | £-82,718 | £75,281 |
| 3 Month Average | 0.478 % | £754 | £158,754 |
| 6 Month Average | 1.456 % | £2,300 | £160,300 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £140,568 | £137,000 | 3 CAWTHORNE TERRACE |
| 29 Sep 2023 | £161,561 | £158,000 | 6 MOOR CREST TERRACE |
| 1 Sep 2023 | £127,818 | £125,000 | 2D WALTON PARK |
| 19 Aug 2022 | £137,141 | £136,500 | 2 MOOR CREST TERRACE |
| 28 Feb 2022 | £128,465 | £121,600 | 18 ROSEBERY AVENUE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 3 Jun 2020. Using an estimated price of £161,561 means this house is valued at £2,834 per sq meter (£263 per sq foot).
The average size of a house on MOOR CREST TERRACE is 73 sq meters (795 sq feet).
This house is the smallest in the street with a floor area of 57 sq meters (613 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near North Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near North Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near North Road |
| Aug 2024 | Anti-social behaviour | On or near North Road | |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near North Road |