£156,583
This estimated value is based upon the latest sale price for the house of £128,500 on 24 Feb 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 |
---|---|
£128,500 | 24 Feb 2020 |
£92,000 | 1 Mar 2019 |
Terraced |
Freehold |
Floor Area: 68 sq meters or 731 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £128,500 results in an estimated price of approximately £156,583.
24 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 148.0 | 21.855 % | £128,500 | £28,083 | £156,583 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -48.909 % | £-62,847 | £65,652 |
3 Month Average | -26.553 % | £-34,120 | £94,379 |
6 Month Average | 30.863 % | £39,658 | £168,158 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £193,664 | £190,000 | 35 PARK TERRACE |
31 Jul 2023 | £138,813 | £137,500 | 10 CLAVERING SQUARE |
28 Jul 2023 | £146,385 | £145,000 | 2 GRACE STREET |
21 Jul 2023 | £186,767 | £185,000 | 39 PARK TERRACE |
23 Mar 2023 | £67,364 | £67,000 | 32 GLEBE TERRACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 19 Nov 2018. Using an estimated price of £156,584 means this house is valued at £2,302 per sq meter (£213 per sq foot).
The average size of a house on GLEBE TERRACE is 85 sq meters (921 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Gunn Street | |
Mar 2024 | Anti-social behaviour | On or near Gunn Street | |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gunn Street |
Mar 2024 | Anti-social behaviour | On or near Gunn Street | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Gunn Street |