£129,862
This estimated value is based upon the latest sale price for the house of £127,000 on 15 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £127,000 | 15 Sep 2023 |
| £95,559 | 6 Dec 2013 |
| £101,000 | 12 Sep 2005 |
| £43,950 | 29 Oct 1999 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £127,000 results in an estimated price of approximately £129,862.
| 15 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £127,000 | £2,862 | £129,862 |
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 | 28.354 % | £36,009 | £163,009 |
| 3 Month Average | 10.875 % | £13,811 | £140,811 |
| 6 Month Average | 8.554 % | £10,863 | £137,863 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £116,007 | £115,000 | 19 THE COPSE |
| 18 Mar 2024 | £152,341 | £150,000 | 3 CRESCENT WAY NORTH |
| 8 Dec 2023 | £128,963 | £125,000 | 33 FOREST HALL ROAD |
| 15 Sep 2023 | £129,863 | £127,000 | 7 VULCAN TERRACE |
| 15 Sep 2023 | £168,719 | £165,000 | 2 VULCAN TERRACE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 8 Aug 2013. Using an estimated price of £129,863 means this house is valued at £1,686 per sq meter (£156 per sq foot).
The average size of a house on VULCAN TERRACE is 88 sq meters (949 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Forest Hall Road | |
| Sep 2024 | Anti-social behaviour | On or near Forest Hall Road | |
| Sep 2024 | Anti-social behaviour | On or near Forest Hall Road | |
| Sep 2024 | Anti-social behaviour | On or near Forest Hall Road | |
| Aug 2024 | Anti-social behaviour | On or near Forest Hall Road |