£151,063
This estimated value is based upon the latest sale price for the house of £88,000 on 25 Aug 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 25 Aug 2006 |
| £75,000 | 23 Apr 2004 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 August 2006 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.664%.Applying this 71.664% change to the original purchase price of £88,000 results in an estimated price of approximately £151,063.
| 25 Aug 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.664 % | £88,000 | £63,063 | £151,063 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 30.512 % | £26,850 | £114,850 |
| 3 Month Average | 29.604 % | £26,051 | £114,051 |
| 6 Month Average | 24.962 % | £21,966 | £109,966 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £68,514 | £67,500 | 31 SILKSWORTH TERRACE |
| 29 Aug 2023 | £92,308 | £91,500 | 13 TUNSTALL TERRACE |
| 8 Aug 2023 | £89,281 | £88,500 | 33 ROBERT STREET |
| 21 Jul 2023 | £90,214 | £89,000 | 20 TUNSTALL TERRACE |
| 6 Apr 2023 | £80,871 | £80,000 | 21 LONDONDERRY STREET |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 7 Dec 2016. Using an estimated price of £151,064 means this house is valued at £1,313 per sq meter (£122 per sq foot).
The average size of a house on SILKSWORTH TERRACE is 100 sq meters (1,080 sq feet).
This house is the largest in the street with a floor area of 115 sq meters (1,237 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Robert Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Robert Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tempest Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lord Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lord Street |