£161,382
This estimated value is based upon the latest sale price for the house of £131,377 on 29 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £131,377 | 29 Jul 2019 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.839%.Applying this 22.839% change to the original purchase price of £131,377 results in an estimated price of approximately £161,382.
| 29 Jul 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.839 % | £131,377 | £30,005 | £161,382 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 134.270 % | £176,399 | £307,776 |
| 3 Month Average | 29.251 % | £38,429 | £169,806 |
| 6 Month Average | 26.446 % | £34,743 | £166,120 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2023 | £136,011 | £135,000 | 6 EDWARD PLACE |
| 6 Apr 2023 | £178,325 | £177,000 | 15 TINDAL CLOSE |
| 26 Aug 2022 | £238,886 | £240,500 | 16 LANCASTER STREET |
| 25 Apr 2022 | £155,897 | £152,000 | 15 EDWARD PLACE |
| 31 Mar 2022 | £448,954 | £435,000 | 264 WESTGATE ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 5 Apr 2019. Using an estimated price of £161,383 means this house is valued at £1,833 per sq meter (£170 per sq foot).
The average size of a house on EDWARD PLACE is 135 sq meters (1,456 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Edward Place |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Edward Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Tindal Close |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tindal Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tindal Close |