£112,556
This estimated value is based upon the latest sale price for the house of £110,000 on 27 Oct 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 |
|---|---|
| £110,000 | 27 Oct 2023 |
| £87,500 | 3 Sep 2007 |
| £77,000 | 24 Feb 2006 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 985 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 October 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £110,000 results in an estimated price of approximately £112,556.
| 27 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £110,000 | £2,556 | £112,556 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 46.830 % | £51,512 | £161,512 |
| 3 Month Average | 11.079 % | £12,187 | £122,187 |
| 6 Month Average | 12.873 % | £14,159 | £124,159 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £64,128 | £62,500 | 17 EBOR STREET |
| 29 Nov 2023 | £98,500 | £96,000 | 51 WENLOCK ROAD |
| 27 Oct 2023 | £112,556 | £110,000 | 73 WENLOCK ROAD |
| 16 Oct 2023 | £158,602 | £155,000 | 25 COLLIN DRIVE |
| 18 Aug 2023 | £61,102 | £60,000 | 3 WENLOCK ROAD |
This house has a floor area of 91 sq meters or 985 sq feet when measured on 19 Feb 2009. Using an estimated price of £112,556 means this house is valued at £1,228 per sq meter (£114 per sq foot).
The average size of a house on WENLOCK ROAD is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Bicycle theft | Under investigation | On or near Binchester Street |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Binchester Street |
| Oct 2024 | Public order | Awaiting court outcome | On or near Binchester Street |
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Binchester Street |
| Oct 2024 | Public order | Awaiting court outcome | On or near Binchester Street |