£73,149
This estimated value is based upon the latest sale price for the house of £73,000 on 1 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £73,000 | 1 Sep 2023 |
| £70,000 | 15 Feb 2008 |
| £40,000 | 10 Nov 2005 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.205%.Applying this 0.205% change to the original purchase price of £73,000 results in an estimated price of approximately £73,149.
| 1 Sep 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 146.7 | 0.205 % | £73,000 | £149 | £73,149 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 85.742 % | £62,592 | £135,592 |
| 3 Month Average | 1.453 % | £1,060 | £74,060 |
| 6 Month Average | -9.458 % | £-6,904 | £66,095 |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 8 Sep 2015.
The average size of a house on SOUTHWICK ROAD is 92 sq meters (1,000 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Keir Hardie Way |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Keir Hardie Way |
| Dec 2023 | Public order | Under investigation | On or near Keir Hardie Way |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Southwick Road |
| Dec 2023 | Public order | Under investigation | On or near Southwick Road |