£174,668
This estimated value is based upon the latest sale price for the house of £78,000 on 3 Oct 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £78,000 | 3 Oct 2003 |
| £32,500 | 12 Aug 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2003 the House Price Index for TYNE AND WEAR was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £78,000 results in an estimated price of approximately £174,668.
| 3 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £78,000 | £96,668 | £174,668 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 57.310 % | £44,701 | £122,701 |
| 3 Month Average | 69.013 % | £53,829 | £131,829 |
| 6 Month Average | 64.605 % | £50,392 | £128,392 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £88,815 | £87,500 | 19 BEDFORD PLACE |
| 21 Nov 2023 | £131,954 | £130,000 | 14 NORTH STREET |
| 29 Aug 2023 | £226,935 | £224,950 | 8 ESSEX GROVE |
| 20 Apr 2023 | £85,925 | £85,000 | 9 MARGATE STREET |
| 17 Feb 2023 | £184,876 | £185,000 | 19 DEVON DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 24 Feb 2015. Using an estimated price of £174,668 means this house is valued at £2,495 per sq meter (£231 per sq foot).
The average size of a house on CUMBERLAND ROAD is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Margate Street |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Margate Street |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Margate Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Margate Street |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Margate Street |