£83,600
This estimated value is based upon the latest sale price for the house of £75,000 on 7 Oct 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 |
|---|---|
| £75,000 | 7 Oct 2021 |
| £125,000 | 22 Dec 2005 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 October 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £75,000 results in an estimated price of approximately £83,600.
| 7 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £75,000 | £8,600 | £83,600 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 104.750 % | £78,562 | £153,562 |
| 3 Month Average | 21.266 % | £15,949 | £90,949 |
| 6 Month Average | 11.262 % | £8,446 | £83,446 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £107,654 | £106,000 | 48 CROFTON STREET |
| 2 Jun 2023 | £40,817 | £39,999 | 119 WHITEHALL STREET |
| 2 Jun 2023 | £40,817 | £39,999 | 117 WHITEHALL STREET |
| 10 Mar 2023 | £64,070 | £63,000 | 127 WHITEHALL STREET |
| 29 Jul 2022 | £82,830 | £82,000 | 10 CROFTON STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 22 May 2012. Using an estimated price of £83,600 means this house is valued at £1,085 per sq meter (£100 per sq foot).
The average size of a house on RICHMOND ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Richmond Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Aug 2024 | Anti-social behaviour | On or near Richmond Road | |
| Aug 2024 | Anti-social behaviour | On or near Richmond Road |