£60,662
This estimated value is based upon the latest sale price for the house of £60,500 on 3 Jan 2023. 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 Middle Street East
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| Price Paid | Date |
|---|---|
| £60,500 | 3 Jan 2023 |
| £75,000 | 6 Jun 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 2023 the House Price Index for TYNE AND WEAR was 149.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.268%.Applying this 0.268% change to the original purchase price of £60,500 results in an estimated price of approximately £60,662.
| 3 Jan 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 149.7 | 0.268 % | £60,500 | £162 | £60,662 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 38.362 % | £23,209 | £83,709 |
| 3 Month Average | 33.866 % | £20,488 | £80,988 |
| 6 Month Average | 8.909 % | £5,390 | £65,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £78,000 | £78,000 | 717 WELBECK ROAD |
| 19 Apr 2024 | £125,086 | £124,000 | 36 BLACKWELL AVENUE |
| 19 Apr 2024 | £146,270 | £145,000 | 6 MIDDLE STREET EAST |
| 28 Nov 2023 | £112,865 | £110,000 | 7 DAWSON STREET |
| 25 Aug 2023 | £77,396 | £76,000 | 87 EASTBOURNE AVENUE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 11 Jul 2013. Using an estimated price of £60,662 means this house is valued at £919 per sq meter (£85 per sq foot).
The average size of a house on WELBECK ROAD is 95 sq meters (1,030 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Burglary | Under investigation | On or near Middle Street East |
| Nov 2024 | Public order | Under investigation | On or near Middle Street East |
| Nov 2024 | Other theft | Under investigation | On or near Middle Street East |
| Oct 2024 | Vehicle crime | Under investigation | On or near Middle Street East |
| Oct 2024 | Anti-social behaviour | On or near Middle Street East |