£150,910
This estimated value is based upon the latest sale price for the house of £122,995 on 20 Sep 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 Penn Square
More crime details
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| Price Paid | Date |
|---|---|
| £122,995 | 20 Sep 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 September 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 22.696%.Applying this 22.696% change to the original purchase price of £122,995 results in an estimated price of approximately £150,910.
| 20 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £122,995 | £27,915 | £150,910 |
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 | 9.767 % | £12,013 | £135,008 |
| 3 Month Average | 6.546 % | £8,051 | £131,046 |
| 6 Month Average | 8.485 % | £10,436 | £133,431 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £138,551 | £136,500 | 151 FORDFIELD ROAD |
| 22 Aug 2023 | £131,147 | £130,000 | 153 FORDFIELD ROAD |
| 27 Jan 2023 | £133,372 | £134,000 | 17 FAWN ROAD |
| 17 Dec 2021 | £171,420 | £160,000 | 133 FORDFIELD ROAD |
| 2 Dec 2021 | £385,696 | £360,000 | 489 HYLTON ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 23 Sep 2019. Using an estimated price of £150,910 means this house is valued at £2,125 per sq meter (£197 per sq foot).
The average size of a house on FORDFIELD ROAD is 77 sq meters (836 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Penn Square |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Penn Square |
| Mar 2024 | Anti-social behaviour | On or near Fawn Road | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Fawn Road |
| Mar 2024 | Burglary | Under investigation | On or near Field Square |