£176,840
This estimated value is based upon the latest sale price for the house of £145,000 on 1 Mar 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 |
|---|---|
| £145,000 | 1 Mar 2019 |
| £120,000 | 13 Jan 2016 |
| £85,000 | 30 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 181 sq meters or 1,948 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 March 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £145,000 results in an estimated price of approximately £176,840.
| 1 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £145,000 | £31,840 | £176,840 |
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 | 1.537 % | £2,229 | £147,229 |
| 3 Month Average | -3.738 % | £-5,419 | £139,580 |
| 6 Month Average | -9.861 % | £-14,298 | £130,701 |
This house has a floor area of 181 sq meters or 1,948 sq feet when measured on 21 Nov 2014.
The average size of a house on LORNE TERRACE is 140 sq meters (1,511 sq feet).
This house is the largest in the street with a floor area of 181 sq meters (1,948 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Lorne Terrace |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Lorne Terrace |
| Mar 2024 | Burglary | Under investigation | On or near Carlyon Street |
| Feb 2024 | Drugs | Under investigation | On or near Carlyon Street |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carlyon Street |