£257,620
This estimated value is based upon the latest sale price for the house of £210,000 on 19 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Spelter Works Road
More crime details
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Price Paid | Date |
---|---|
£210,000 | 19 Dec 2019 |
£170,000 | 8 Nov 2016 |
Semi-Detached |
Freehold |
Floor Area: 116 sq meters or 1,248 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £210,000 results in an estimated price of approximately £257,620.
19 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.676 % | £210,000 | £47,620 | £257,620 |
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 | -9.082 % | £-19,072 | £190,927 |
3 Month Average | -4.134 % | £-8,680 | £201,319 |
6 Month Average | -6.533 % | £-13,720 | £196,279 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Jul 2023 | £228,070 | £225,000 | 77 STRATFORD AVENUE |
30 Jun 2023 | £167,023 | £165,000 | 87 STRATFORD AVENUE |
27 Jan 2022 | £249,947 | £237,500 | 35 VICTORIA AVENUE |
14 Jan 2022 | £231,530 | £220,000 | 83 STRATFORD AVENUE |
7 Jan 2022 | £168,385 | £160,000 | 1 WESTHOLME TERRACE |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 15 Jun 2016. Using an estimated price of £257,621 means this house is valued at £2,220 per sq meter (£206 per sq foot).
The average size of a house on RYHOPE ROAD is 92 sq meters (996 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Spelter Works Road |
Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Spelter Works Road |
Feb 2024 | Anti-social behaviour | On or near Spelter Works Road | |
Feb 2024 | Anti-social behaviour | On or near Spelter Works Road | |
Mar 2024 | Drugs | Under investigation | On or near Weldon Avenue |