£78,930
This estimated value is based upon the latest sale price for the house of £75,000 on 7 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£75,000 | 7 Jan 2022 |
£78,950 | 19 Feb 2006 |
£95,000 | 10 Jun 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 746 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £75,000 results in an estimated price of approximately £78,930.
7 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 148.6 | 5.241 % | £75,000 | £3,930 | £78,930 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -51.365 % | £-38,523 | £36,476 |
3 Month Average | 0.688 % | £516 | £75,516 |
6 Month Average | -2.755 % | £-2,066 | £72,933 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Nov 2023 | £119,773 | £118,000 | 6 NITHDALE CLOSE |
29 Sep 2023 | £106,360 | £105,000 | 12 NITHDALE CLOSE |
20 Mar 2023 | £103,475 | £102,500 | 5 WILBERFORCE STREET |
6 Mar 2023 | £151,931 | £150,500 | 39 THE AVENUE |
20 May 2022 | £84,594 | £83,000 | 24B THE AVENUE |
This house has a floor area of 69 sq meters or 746 sq feet when measured on 12 Dec 2011. Using an estimated price of £78,931 means this house is valued at £1,137 per sq meter (£105 per sq foot).
The average size of a house on GEORGE ROAD is 108 sq meters (1,170 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near George Road |
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near George Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Philiphaugh |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Philiphaugh |
Jan 2024 | Other theft | Under investigation | On or near The Avenue |