£113,175
This estimated value is based upon the latest sale price for the house of £110,000 on 24 Jul 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 24 Jul 2023 |
| Flats/Maisonettes |
| Leasehold |
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 2023 the House Price Index for TYNE AND WEAR was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £110,000 results in an estimated price of approximately £113,175.
| 24 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £110,000 | £3,175 | £113,175 |
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 | 205.127 % | £225,640 | £335,640 |
| 3 Month Average | 4.099 % | £4,509 | £114,509 |
| 6 Month Average | -4.709 % | £-5,179 | £104,820 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £141,226 | £140,000 | FLAT 1 THE VICARAGE SPRING GARDEN LANE |
| 25 Oct 2023 | £66,204 | £64,700 | 57 HAMILTON PLACE |
| 18 Oct 2023 | £46,046 | £45,000 | 72 - 76 PITT STREET |
| 13 Oct 2023 | £153,486 | £150,000 | 19 COOKSON CLOSE |
| 13 Oct 2023 | £347,902 | £340,000 | 29B DIANA STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Derby Street |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Derby Street |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Derby Street |
| May 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Derby Street |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Derby Street |