£107,844
This estimated value is based upon the latest sale price for the house of £81,000 on 26 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £81,000 | 26 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 736 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £81,000 results in an estimated price of approximately £107,844.
| 26 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £81,000 | £26,844 | £107,844 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 51.089 % | £41,381 | £122,381 |
| 3 Month Average | 38.240 % | £30,974 | £111,974 |
| 6 Month Average | 18.098 % | £14,659 | £95,659 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Mar 2023 | £82,780 | £82,000 | 37 SIMONSIDE ROAD |
| 27 Jan 2023 | £104,508 | £105,000 | 3 SEATON ROAD |
| 12 Jan 2023 | £166,217 | £167,000 | 14 SPRINGBANK ROAD |
| 18 Nov 2022 | £6,411 | £6,489 | 3 STIRLING CLOSE |
| 16 Aug 2022 | £141,619 | £142,000 | 60 SOMERSET ROAD |
This house has a floor area of 68 sq meters or 736 sq feet when measured on 20 Jul 2011. Using an estimated price of £107,844 means this house is valued at £1,576 per sq meter (£146 per sq foot).
The average size of a house on SOMERSET SQUARE is 95 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Somerset Square |
| Mar 2024 | Drugs | Under investigation | On or near Somerset Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Square |