£91,806
This estimated value is based upon the latest sale price for the house of £73,150 on 16 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £73,150 | 16 Jan 2018 |
| £56,500 | 8 Oct 2004 |
| £21,500 | 30 Mar 2001 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 January 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £73,150 results in an estimated price of approximately £91,806.
| 16 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £73,150 | £18,656 | £91,806 |
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 | 49.061 % | £35,887 | £109,037 |
| 3 Month Average | 23.501 % | £17,190 | £90,340 |
| 6 Month Average | 11.583 % | £8,472 | £81,622 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £50,890 | £50,000 | 11 FERNDALE TERRACE |
| 1 Dec 2023 | £45,801 | £45,000 | 15 MORTIMER STREET |
| 12 Sep 2023 | £40,467 | £39,950 | 19 STRATFIELD STREET |
| 15 Aug 2023 | £75,662 | £75,000 | 23 COSSACK TERRACE |
| 10 Feb 2023 | £49,217 | £49,250 | 11 MORTIMER STREET |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 27 May 2015. Using an estimated price of £91,806 means this house is valued at £976 per sq meter (£90 per sq foot).
The average size of a house on VICTORY STREET is 132 sq meters (1,429 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Victory Street |
| Feb 2024 | Other theft | Under investigation | On or near Victory Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Victory Street |
| Mar 2024 | Public order | Under investigation | On or near Waverley Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Waverley Terrace |