£171,285
This estimated value is based upon the latest sale price for the house of £110,000 on 11 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 11 Apr 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £110,000 results in an estimated price of approximately £171,285.
| 11 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 148.6 | 55.714 % | £110,000 | £61,285 | £171,285 |
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 | 27.083 % | £29,791 | £139,791 |
| 3 Month Average | 16.513 % | £18,163 | £128,163 |
| 6 Month Average | 9.714 % | £10,685 | £120,685 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £147,179 | £145,000 | 28 CAMBRIA GREEN |
| 25 Aug 2023 | £110,920 | £109,950 | 14 CAMBRIA GREEN |
| 12 Jun 2023 | £130,582 | £129,000 | 55 SOUTHSIDE GARDENS |
| 5 Apr 2023 | £242,612 | £240,000 | 18 SOUTHSIDE GARDENS |
| 7 Mar 2023 | £156,474 | £155,000 | 67 SOUTHSIDE GARDENS |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 12 Nov 2013. Using an estimated price of £171,285 means this house is valued at £1,784 per sq meter (£165 per sq foot).
The average size of a house on FAIRMEAD WAY is 106 sq meters (1,149 sq feet).
This house is the largest in the street with a floor area of 96 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Fairmead Way | |
| Jan 2024 | Anti-social behaviour | On or near Fairmead Way | |
| Jan 2024 | Anti-social behaviour | On or near Fairmead Way |