£89,968
This estimated value is based upon the latest sale price for the house of £61,500 on 19 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £61,500 | 19 Jun 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £61,500 results in an estimated price of approximately £89,968.
| 19 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £61,500 | £28,468 | £89,968 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 72.203 % | £44,404 | £105,904 |
| 3 Month Average | 38.059 % | £23,406 | £84,906 |
| 6 Month Average | 15.778 % | £9,703 | £71,203 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £93,885 | £91,000 | 160 RAVENSWOOD ROAD |
| 2 Oct 2023 | £112,556 | £110,000 | 18 ROTHWELL ROAD |
| 15 Aug 2023 | £88,598 | £87,000 | 53 ROTHERFIELD ROAD |
| 30 Jun 2023 | £114,801 | £112,500 | 158 RAVENSWOOD ROAD |
| 25 Nov 2022 | £139,348 | £140,000 | 40 RANNOCH ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 16 Feb 2015. Using an estimated price of £89,968 means this house is valued at £1,363 per sq meter (£126 per sq foot).
The average size of a house on RAVENSWOOD ROAD is 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Ravenscourt Road | |
| Aug 2024 | Other theft | Under investigation | On or near Ravenscourt Road |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ravenscourt Road |
| May 2024 | Anti-social behaviour | On or near Ravenscourt Road | |
| May 2024 | Anti-social behaviour | On or near Ravenscourt Road |