£117,528
This estimated value is based upon the latest sale price for the house of £88,000 on 3 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Nicholson Terrace
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Price Paid | Date |
---|---|
£88,000 | 3 Jun 2016 |
£30,000 | 17 Dec 1999 |
£29,450 | 7 Mar 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 68 sq meters or 731 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 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £88,000 results in an estimated price of approximately £117,528.
3 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 148.6 | 33.555 % | £88,000 | £29,528 | £117,528 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -29.064 % | £-25,576 | £62,423 |
3 Month Average | 6.155 % | £5,416 | £93,416 |
6 Month Average | 19.136 % | £16,839 | £104,839 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £288,691 | £285,000 | 45 WOODLANDS GRANGE |
25 Aug 2023 | £343,001 | £340,000 | 7 KILLINGWORTH ROAD |
28 Feb 2023 | £197,367 | £197,500 | 61 WOODLANDS GRANGE |
10 Feb 2023 | £290,804 | £291,000 | 6 OAKFIELD TERRACE |
14 Feb 2022 | £160,450 | £153,000 | 41 WOODLANDS GRANGE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 7 Oct 2015. Using an estimated price of £117,528 means this house is valued at £1,728 per sq meter (£160 per sq foot).
The average size of a house on NICHOLSON TERRACE is 83 sq meters (899 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Nicholson Terrace |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Errington Terrace |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |