£158,464
This estimated value is based upon the latest sale price for the house of £90,400 on 21 Apr 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 |
---|---|
£90,400 | 21 Apr 2006 |
£33,750 | 31 Jul 1998 |
Terraced |
Freehold |
Floor Area: 119 sq meters or 1,280 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 April 2006 the House Price Index for TYNE AND WEAR was 84.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 75.293%.Applying this 75.293% change to the original purchase price of £90,400 results in an estimated price of approximately £158,464.
21 Apr 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
84.8 | 148.6 | 75.293 % | £90,400 | £68,064 | £158,464 |
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 | -23.440 % | £-21,189 | £69,210 |
3 Month Average | 4.168 % | £3,767 | £94,167 |
6 Month Average | 3.226 % | £2,916 | £93,316 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Nov 2023 | £101,503 | £100,000 | 2 THE RETREAT |
24 Aug 2023 | £121,059 | £120,000 | 6 THE KNOLL |
11 Jul 2023 | £253,411 | £250,000 | BURN PARK METHODIST CHURCH BURN PARK ROAD |
10 Jul 2023 | £167,251 | £165,000 | 11 THE KNOLL |
5 Jun 2023 | £85,030 | £84,000 | 16 WESTERN HILL |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 27 Jun 2021. Using an estimated price of £158,465 means this house is valued at £1,331 per sq meter (£123 per sq foot).
The average size of a house on THE RETREAT is 141 sq meters (1,523 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Retreat |
Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Western Hill |
Mar 2024 | Public order | Under investigation | On or near Western Hill |
Feb 2024 | Anti-social behaviour | On or near Western Hill | |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Western Hill |