£80,123
This estimated value is based upon the latest sale price for the house of £70,000 on 23 Jul 2021. 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 | 23 Jul 2021 |
| £82,000 | 1 Dec 2005 |
| 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.462%.Applying this 14.462% change to the original purchase price of £70,000 results in an estimated price of approximately £80,123.
| 23 Jul 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.0 | 14.462 % | £70,000 | £10,123 | £80,123 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -11.834 % | £-8,283 | £61,716 |
| 3 Month Average | -14.306 % | £-10,014 | £59,985 |
| 6 Month Average | -13.641 % | £-9,548 | £60,451 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £41,791 | £41,000 | 34 SOUTH VIEW TERRACE |
| 23 Jun 2023 | £65,531 | £65,000 | 38 SOUTH VIEW TERRACE |
| 28 Apr 2023 | £382,845 | £380,000 | 2 THE GRANARY |
| 10 Mar 2023 | £88,478 | £88,000 | 25 ST MICHAELS |
| 26 Jan 2023 | £126,439 | £127,550 | 48 ST MICHAELS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Granaries |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dairy Lane |
| Mar 2024 | Drugs | Under investigation | On or near South View Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South View Terrace |
| Feb 2024 | Anti-social behaviour | On or near South View Terrace |