£216,922
This estimated value is based upon the latest sale price for the house of £175,995 on 28 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,995 | 28 Feb 2020 |
| Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £175,995 results in an estimated price of approximately £216,922.
| 28 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £175,995 | £40,927 | £216,922 |
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 | 10.770 % | £18,954 | £194,949 |
| 3 Month Average | 15.424 % | £27,144 | £203,139 |
| 6 Month Average | 18.109 % | £31,871 | £207,866 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £140,055 | £136,500 | 151 FORDFIELD ROAD |
| 22 Aug 2023 | £132,388 | £130,000 | 153 FORDFIELD ROAD |
| 27 Jan 2023 | £134,359 | £134,000 | 17 FAWN ROAD |
| 25 Feb 2022 | £137,339 | £130,000 | 73 FOREST ROAD |
| 17 Dec 2021 | £172,689 | £160,000 | 133 FORDFIELD ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 14 Feb 2020. Using an estimated price of £216,922 means this house is valued at £2,191 per sq meter (£203 per sq foot).
The average size of a house on FRIAR ROAD is 81 sq meters (871 sq feet).
This house is the largest in the street with a floor area of 99 sq meters (1,065 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Drugs | Under investigation | On or near Penn Square |
| May 2024 | Possession of weapons | Under investigation | On or near Penn Square |
| May 2024 | Anti-social behaviour | On or near Fawn Road | |
| May 2024 | Anti-social behaviour | On or near Fawn Road | |
| May 2024 | Anti-social behaviour | On or near Fawn Road |