£81,062
This estimated value is based upon the latest sale price for the house of £22,500 on 15 Dec 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£22,500 | 15 Dec 2000 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 785 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 2000 the House Price Index for TYNE AND WEAR was 41.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 260.280%.Applying this 260.280% change to the original purchase price of £22,500 results in an estimated price of approximately £81,062.
15 Dec 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
41.2 | 148.6 | 260.280 % | £22,500 | £58,562 | £81,062 |
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 | 217.115 % | £48,850 | £71,350 |
3 Month Average | 179.414 % | £40,368 | £62,868 |
6 Month Average | 185.075 % | £41,641 | £64,141 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £58,512 | £58,000 | 6 ONSLOW STREET |
28 Jul 2023 | £78,050 | £77,000 | 6 TANFIELD STREET |
10 Jan 2023 | £598,182 | £601,000 | 22 TANFIELD STREET |
6 Jan 2023 | £79,625 | £80,000 | 7 MARGARET ALICE STREET |
6 Jan 2023 | £34,836 | £35,000 | 28 WARENNES STREET |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 7 Nov 2014. Using an estimated price of £81,063 means this house is valued at £1,110 per sq meter (£103 per sq foot).
There is one other house on the street which we know the size of, this is 3 MINTON SQUARE it is 69.0
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other crime | Under investigation | On or near Tanfield Street |
Mar 2024 | Anti-social behaviour | On or near Tanfield Street | |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tanfield Street |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Edwin Street |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Edwin Street |