£87,659
This estimated value is based upon the latest sale price for the house of £69,950 on 29 Mar 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 |
---|---|
£69,950 | 29 Mar 2018 |
Terraced |
Freehold |
Floor Area: 75 sq meters or 807 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 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £69,950 results in an estimated price of approximately £87,659.
29 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 148.6 | 25.317 % | £69,950 | £17,709 | £87,659 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 39.841 % | £27,868 | £97,818 |
3 Month Average | 22.374 % | £15,650 | £85,600 |
6 Month Average | 18.085 % | £12,650 | £82,600 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £91,352 | £90,000 | 7 ERITH TERRACE |
10 Nov 2023 | £65,926 | £64,950 | 8 HIGHFIELD PLACE |
29 Sep 2023 | £87,367 | £86,250 | 21 ERITH TERRACE |
15 Sep 2023 | £135,229 | £133,500 | 11 BROOKLAND ROAD |
25 Aug 2023 | £102,900 | £102,000 | 20 ERITH TERRACE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 1 Feb 2018. Using an estimated price of £87,659 means this house is valued at £1,168 per sq meter (£108 per sq foot).
The average size of a house on ERITH TERRACE is 87 sq meters (945 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Brookland Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Erith Terrace |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Erith Terrace |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Bexley Street |
Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Bexley Street |