£74,998
This estimated value is based upon the latest sale price for the house of £60,000 on 19 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 |
|---|---|
| £60,000 | 19 Jan 2018 |
| 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 January 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.997%.Applying this 24.997% change to the original purchase price of £60,000 results in an estimated price of approximately £74,998.
| 19 Jan 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.0 | 24.997 % | £60,000 | £14,998 | £74,998 |
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 | 11.390 % | £6,833 | £66,833 |
| 3 Month Average | -3.959 % | £-2,375 | £57,624 |
| 6 Month Average | -9.548 % | £-5,728 | £54,271 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £86,105 | £85,000 | 8 LEECHMERE WAY |
| 23 Feb 2023 | £134,364 | £135,000 | 34 LYNTHORPE |
| 30 Jan 2023 | £128,868 | £130,000 | 7 LARKHILL |
| 23 Sep 2022 | £43,471 | £44,000 | 43 EDGMOND COURT |
| 4 Aug 2022 | £80,953 | £81,500 | 45 HEWITT AVENUE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 14 Aug 2017. Using an estimated price of £74,998 means this house is valued at £1,071 per sq meter (£99 per sq foot).
There is one other house on the street which we know the size of, this is 4 POPLAR GROVE it is 70.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Poplar Grove | |
| Jan 2024 | Anti-social behaviour | On or near Poplar Grove | |
| Jan 2024 | Anti-social behaviour | On or near Poplar Grove | |
| Jan 2024 | Anti-social behaviour | On or near Poplar Grove | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lilian Avenue |