£1,436,329
This estimated value is based upon the latest sale price for the house of £1,100,000 on 31 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Somerset Place
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| Price Paid | Date |
|---|---|
| £1,100,000 | 31 Mar 2017 |
| 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £1,100,000 results in an estimated price of approximately £1,436,329.
| 31 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £1,100,000 | £336,329 | £1,436,329 |
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 | 28.013 % | £308,146 | £1,408,146 |
| 3 Month Average | 10.088 % | £110,972 | £1,210,972 |
| 6 Month Average | 3.435 % | £37,785 | £1,137,785 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £73,123 | £72,000 | 231 WESTGATE COURT WESTGATE ROAD |
| 28 Nov 2023 | £341,704 | £333,030 | 30 NORMANTON TERRACE |
| 13 Jun 2023 | £229,601 | £225,000 | 29 NORMANTON TERRACE |
| 3 Mar 2023 | £127,123 | £125,000 | 37 WARRINGTON ROAD |
| 28 Feb 2023 | £171,143 | £170,000 | 76 NORMANTON TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Somerset Place |
| Jul 2024 | Burglary | Under investigation | On or near Somerset Place |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somerset Place |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Somerset Place |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Somerset Place |