£142,453
This estimated value is based upon the latest sale price for the house of £84,000 on 25 Jun 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £84,000 | 25 Jun 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 888 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 2010 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.587%.Applying this 69.587% change to the original purchase price of £84,000 results in an estimated price of approximately £142,453.
| 25 Jun 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.587 % | £84,000 | £58,453 | £142,453 |
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 | 26.068 % | £21,897 | £105,897 |
| 3 Month Average | 0.496 % | £416 | £84,416 |
| 6 Month Average | 9.223 % | £7,747 | £91,747 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £72,000 | £72,000 | 17 PORTSMOUTH SQUARE |
| 11 Mar 2024 | £65,500 | £65,500 | 18 PORTSMOUTH SQUARE |
| 15 Dec 2023 | £117,048 | £115,000 | 20 MEADOW GROVE |
| 1 Dec 2023 | £91,603 | £90,000 | 24 SOUTH VIEW |
| 2 Jun 2023 | £83,512 | £82,500 | 50 PORTSMOUTH SQUARE |
This house has a floor area of 82 sq meters or 888 sq feet when measured on 30 Oct 2009. Using an estimated price of £142,453 means this house is valued at £1,725 per sq meter (£160 per sq foot).
The average size of a house on PENNYCROSS ROAD is 102 sq meters (1,106 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Peasemore Road |
| Mar 2024 | Anti-social behaviour | On or near Peasemore Road | |
| Mar 2024 | Other crime | Under investigation | On or near Peasemore Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Peasemore Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Peasemore Road |