£60,984
This estimated value is based upon the latest sale price for the house of £50,000 on 7 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £50,000 | 7 Jun 2019 |
| £32,950 | 26 Aug 1997 |
| £28,500 | 18 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 634 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.969%.Applying this 21.969% change to the original purchase price of £50,000 results in an estimated price of approximately £60,984.
| 7 Jun 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.969 % | £50,000 | £10,984 | £60,984 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 54.419 % | £27,209 | £77,209 |
| 3 Month Average | 5.131 % | £2,565 | £52,565 |
| 6 Month Average | -1.752 % | £-875 | £49,124 |
This house has a floor area of 58 sq meters or 634 sq feet when measured on 30 Dec 2011.
The average size of a house on HEMMING STREET is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Royle Street |
| Mar 2024 | Public order | Under investigation | On or near Royle Street |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Royle Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ryhope Road |
| Mar 2024 | Shoplifting | Under investigation | On or near Ryhope Road |