£68,551
This estimated value is based upon the latest sale price for the house of £70,000 on 8 Sep 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 8 Sep 2022 |
| £84,900 | 1 Oct 2008 |
| £75,000 | 28 Jan 2005 |
| £28,000 | 26 Oct 2001 |
| Freehold |
| 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 September 2022 the House Price Index for TYNE AND WEAR was 149.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -2.069%.Applying this -2.069% change to the original purchase price of £70,000 results in an estimated price of approximately £68,551.
| 8 Sep 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 146.7 | -2.069 % | £70,000 | £-1,448 | £68,551 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | -3.823 % | £-2,675 | £67,324 |
| 3 Month Average | -4.232 % | £-2,962 | £67,037 |
| 6 Month Average | 31.075 % | £21,752 | £91,752 |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 15 Oct 2014.
The average size of a house on WEAR TERRACE is 101 sq meters (1,093 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Tweed Street | |
| Feb 2024 | Anti-social behaviour | On or near Tweed Street | |
| Feb 2024 | Anti-social behaviour | On or near Tweed Street | |
| Feb 2024 | Anti-social behaviour | On or near Tweed Street | |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Tweed Street |