£93,750
This estimated value is based upon the latest sale price for the house of £87,000 on 22 Sep 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 |
|---|---|
| £87,000 | 22 Sep 2021 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £87,000 results in an estimated price of approximately £93,750.
| 22 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £87,000 | £6,750 | £93,750 |
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 | -37.052 % | £-32,235 | £54,764 |
| 3 Month Average | -16.722 % | £-14,547 | £72,452 |
| 6 Month Average | -23.077 % | £-20,076 | £66,923 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2023 | £70,955 | £70,000 | 7 LEATHAM |
| 30 Jun 2023 | £192,330 | £190,000 | 1 LANGHURST |
| 20 Feb 2023 | £139,856 | £139,950 | 4 WESTRAY CLOSE |
| 20 Feb 2023 | £111,925 | £112,000 | 24 LINSKELL |
| 27 Jan 2023 | £218,969 | £220,000 | 24 ORKNEY DRIVE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 4 Aug 2021. Using an estimated price of £93,751 means this house is valued at £1,464 per sq meter (£136 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Linskell |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ronaldsay Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rosebank Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rosebank Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Langhurst |