£205,441
This estimated value is based upon the latest sale price for the house of £117,950 on 28 Jul 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £117,950 | 28 Jul 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 39 sq meters or 427 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 July 2006 the House Price Index for TYNE AND WEAR was 85.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.177%.Applying this 74.177% change to the original purchase price of £117,950 results in an estimated price of approximately £205,441.
| 28 Jul 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.9 | 149.7 | 74.177 % | £117,950 | £87,491 | £205,441 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 60.401 % | £71,242 | £189,192 |
| 3 Month Average | 35.861 % | £42,297 | £160,247 |
| 6 Month Average | 39.562 % | £46,663 | £164,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £70,000 | £70,000 | 67 SHIPCOTE TERRACE |
| 25 Aug 2023 | £80,451 | £79,000 | 55 SHIPCOTE TERRACE |
| 11 Aug 2023 | £86,561 | £85,000 | 7 SYMPHONY COURT DURHAM ROAD |
| 11 Aug 2023 | £86,561 | £85,000 | 9 SHIPLEY COURT |
| 4 Aug 2023 | £81,469 | £80,000 | 10 SHIPLEY COURT |
This house has a floor area of 39 sq meters or 427 sq feet when measured on 29 Oct 2010. Using an estimated price of £205,442 means this house is valued at £5,169 per sq meter (£480 per sq foot).
The average size of a house on DURHAM ROAD is 122 sq meters (1,321 sq feet).
This house is the smallest in the street with a floor area of 39 sq meters (427 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Shipcote Terrace | |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shipcote Terrace |
| Oct 2024 | Anti-social behaviour | On or near Shipcote Terrace | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Shipcote Terrace |
| Aug 2024 | Anti-social behaviour | On or near Whitby Close |