£321,528
This estimated value is based upon the latest sale price for the house of £190,000 on 23 Nov 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £190,000 | 23 Nov 2012 |
| £188,000 | 4 Nov 2005 |
| £184,000 | 25 Oct 2005 |
| £149,950 | 28 May 2004 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,157 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 November 2012 the House Price Index for TYNE AND WEAR was 87.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.226%.Applying this 69.226% change to the original purchase price of £190,000 results in an estimated price of approximately £321,528.
| 23 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 148.6 | 69.226 % | £190,000 | £131,528 | £321,528 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 11.578 % | £21,997 | £211,997 |
| 3 Month Average | 6.440 % | £12,236 | £202,236 |
| 6 Month Average | 8.014 % | £15,226 | £205,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £274,808 | £270,000 | 79 SUTHERLAND DRIVE |
| 15 Jun 2023 | £94,646 | £93,500 | 9 SUTHERLAND DRIVE |
| 3 Mar 2023 | £321,024 | £318,000 | 49 SUTHERLAND DRIVE |
| 17 Feb 2023 | £84,943 | £85,000 | 5 SUTHERLAND DRIVE |
| 12 Jul 2022 | £6,402 | £6,385 | 2 LOTHIAN CLOSE |
This house has a floor area of 107 sq meters or 1,157 sq feet when measured on 17 Mar 2012. Using an estimated price of £321,529 means this house is valued at £2,990 per sq meter (£277 per sq foot).
The average size of a house on MIDLOTHIAN CLOSE is 162 sq meters (1,748 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Nairn Close |
| Jan 2024 | Other theft | Under investigation | On or near Nairn Close |
| Jan 2024 | Other crime | Under investigation | On or near Nairn Close |
| Mar 2024 | Anti-social behaviour | On or near Stirling Close | |
| Jan 2024 | Anti-social behaviour | On or near Stirling Close |