£140,338
This estimated value is based upon the latest sale price for the house of £115,000 on 31 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 31 May 2019 |
| £114,500 | 15 Apr 2015 |
| Terraced |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.033%.Applying this 22.033% change to the original purchase price of £115,000 results in an estimated price of approximately £140,338.
| 31 May 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 146.7 | 22.033 % | £115,000 | £25,338 | £140,338 |
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 | 3.678 % | £4,229 | £119,229 |
| 3 Month Average | 13.498 % | £15,522 | £130,522 |
| 6 Month Average | -3.836 % | £-4,411 | £110,588 |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 9 Apr 2014.
The average size of a house on ELWIN TERRACE is 143 sq meters (1,544 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Derby Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Derby Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Elwin Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elwin Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elwin Terrace |