£129,210
This estimated value is based upon the latest sale price for the house of £98,000 on 24 Jun 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 |
|---|---|
| £98,000 | 24 Jun 2016 |
| £99,950 | 6 Aug 2004 |
| £53,000 | 28 Oct 2003 |
| £52,500 | 13 Mar 2003 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.847%.Applying this 31.847% change to the original purchase price of £98,000 results in an estimated price of approximately £129,210.
| 24 Jun 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 146.7 | 31.847 % | £98,000 | £31,210 | £129,210 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 35.686 % | £34,972 | £132,972 |
| 3 Month Average | 2.859 % | £2,801 | £100,801 |
| 6 Month Average | 10.909 % | £10,690 | £108,690 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 1 May 2012.
There is one other house on the street which we know the size of, this is 2 TARSET PLACE it is 84.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Tarset Place | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Tarset Place |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Tarset Place |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tarset Place |
| Mar 2024 | Other theft | Under investigation | On or near Wansbeck Road |