£251,334
This estimated value is based upon the latest sale price for the house of £149,950 on 19 Oct 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 |
|---|---|
| £149,950 | 19 Oct 2012 |
| £110,000 | 3 Feb 2012 |
| Terraced |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 October 2012 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.612%.Applying this 67.612% change to the original purchase price of £149,950 results in an estimated price of approximately £251,334.
| 19 Oct 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 146.7 | 67.612 % | £149,950 | £101,384 | £251,334 |
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 | -23.997 % | £-35,983 | £113,966 |
| 3 Month Average | -10.603 % | £-15,898 | £134,051 |
| 6 Month Average | -13.771 % | £-20,649 | £129,300 |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 28 May 2012.
The average size of a house on LORNE TERRACE is 140 sq meters (1,511 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Lorne Terrace |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Lorne Terrace |
| Mar 2024 | Burglary | Under investigation | On or near Carlyon Street |
| Feb 2024 | Drugs | Under investigation | On or near Carlyon Street |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carlyon Street |