£224,524
This estimated value is based upon the latest sale price for the house of £129,950 on 5 Sep 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£129,950 | 5 Sep 2011 |
£55,000 | 18 Oct 1996 |
Terraced |
Leasehold |
Floor Area: 115 sq meters or 1,242 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 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.778%.Applying this 72.778% change to the original purchase price of £129,950 results in an estimated price of approximately £224,524.
5 Sep 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 148.6 | 72.778 % | £129,950 | £94,574 | £224,524 |
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 | 41.530 % | £53,967 | £183,917 |
3 Month Average | 16.825 % | £21,863 | £151,813 |
6 Month Average | 13.402 % | £17,415 | £147,365 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £116,728 | £115,000 | 16 FORDLAND PLACE |
20 Sep 2023 | £109,905 | £108,500 | 15 WESTWOOD STREET |
16 Aug 2023 | £164,439 | £163,000 | 27 FERNDENE CRESCENT |
9 Jun 2023 | £131,594 | £130,000 | 42 FERNDENE CRESCENT |
13 Apr 2023 | £96,034 | £95,000 | 8 FORDLAND PLACE |
This house has a floor area of 115 sq meters or 1,242 sq feet when measured on 7 Mar 2009. Using an estimated price of £224,525 means this house is valued at £1,944 per sq meter (£180 per sq foot).
The average size of a house on FERNDENE CRESCENT is 102 sq meters (1,100 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Westwood Street |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Ferndene Crescent |
Mar 2024 | Burglary | Under investigation | On or near Arlington Street |
Feb 2024 | Drugs | Under investigation | On or near Tamerton Street |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Tamerton Street |