£60,843
This estimated value is based upon the latest sale price for the house of £54,000 on 18 Jan 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,000 | 18 Jan 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 2021 the House Price Index for TYNE AND WEAR was 130.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 12.673%.Applying this 12.673% change to the original purchase price of £54,000 results in an estimated price of approximately £60,843.
| 18 Jan 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.2 | 146.7 | 12.673 % | £54,000 | £6,843 | £60,843 |
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 | 8.078 % | £4,362 | £58,362 |
| 3 Month Average | 11.649 % | £6,290 | £60,290 |
| 6 Month Average | 8.739 % | £4,718 | £58,718 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 18 Aug 2016.
The average size of a house on SOUTH TERRACE is 73 sq meters (792 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Terrace |
| Mar 2024 | Violence and sexual offences | On or near Hadrian Road (Metro Station) | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near South Terrace |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Terrace |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hadrian Road |