£124,570
This estimated value is based upon the latest sale price for the house of £95,000 on 20 Dec 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 20 Dec 2016 |
| £115,000 | 20 Jan 2006 |
| £85,000 | 2 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £95,000 results in an estimated price of approximately £124,570.
| 20 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £95,000 | £29,570 | £124,570 |
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 | 44.953 % | £42,705 | £137,705 |
| 3 Month Average | 18.746 % | £17,809 | £112,809 |
| 6 Month Average | 16.383 % | £15,564 | £110,564 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £91,352 | £90,000 | 7 ERITH TERRACE |
| 29 Sep 2023 | £87,367 | £86,250 | 21 ERITH TERRACE |
| 20 Sep 2023 | £109,905 | £108,500 | 15 WESTWOOD STREET |
| 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 77 sq meters or 828 sq feet when measured on 21 Mar 2016. Using an estimated price of £124,570 means this house is valued at £1,617 per sq meter (£150 per sq foot).
The average size of a house on BROOKLAND ROAD is 84 sq meters (914 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 Westwood Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bexley Street |