£71,943
This estimated value is based upon the latest sale price for the house of £60,000 on 17 Aug 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 |
|---|---|
| £60,000 | 17 Aug 2020 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £60,000 results in an estimated price of approximately £71,943.
| 17 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £60,000 | £11,943 | £71,943 |
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 | -37.898 % | £-22,738 | £37,261 |
| 3 Month Average | -9.823 % | £-5,893 | £54,106 |
| 6 Month Average | 14.249 % | £8,549 | £68,549 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £90,585 | £89,000 | 16 FLORENCE STREET |
| 11 Dec 2023 | £122,137 | £120,000 | 1 FLORENCE STREET |
| 24 Apr 2023 | £121,306 | £120,000 | 34 EASTLANDS |
| 6 Apr 2023 | £111,197 | £110,000 | 2 STORE STREET |
| 31 Mar 2023 | £167,579 | £166,000 | 9 TYNE STREET |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 10 May 2019. Using an estimated price of £71,944 means this house is valued at £719 per sq meter (£66 per sq foot).
The average size of a house on CLARA STREET is 118 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Eastlands |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Eastlands |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Ramsay Street |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near California |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near California |