£282,951
This estimated value is based upon the latest sale price for the house of £60,000 on 8 Apr 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 8 Apr 1998 |
| Terraced |
| Freehold |
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 April 1998 the House Price Index for TYNE AND WEAR was 31.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 371.585%.Applying this 371.585% change to the original purchase price of £60,000 results in an estimated price of approximately £282,951.
| 8 Apr 1998 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.4 | 148.0 | 371.585 % | £60,000 | £222,951 | £282,951 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 147.813 % | £88,687 | £148,687 |
| 3 Month Average | 234.053 % | £140,431 | £200,431 |
| 6 Month Average | 232.724 % | £139,634 | £199,634 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £128,753 | £127,100 | 45 ROBSON STREET |
| 17 Mar 2023 | £113,614 | £113,000 | 37 ROBSON STREET |
| 12 Aug 2022 | £322,943 | £325,125 | 177 KELLS LANE |
| 11 May 2022 | £43,141 | £42,500 | 2 WESLEY STREET |
| 7 Apr 2022 | £215,385 | £210,000 | 6 DEAN STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Under investigation | On or near Wesley Street |
| Feb 2024 | Public order | Under investigation | On or near Wesley Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lowrey'S Lane |