£17,920
This estimated value is based upon the latest sale price for the house of £4,500 on 25 Jan 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 |
|---|---|
| £4,500 | 25 Jan 2000 |
| Terraced |
| Freehold |
| Floor Area: 45 sq meters or 484 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 January 2000 the House Price Index for TYNE AND WEAR was 37.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 298.231%.Applying this 298.231% change to the original purchase price of £4,500 results in an estimated price of approximately £17,920.
| 25 Jan 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.3 | 148.6 | 298.231 % | £4,500 | £13,420 | £17,920 |
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 | 208.736 % | £9,393 | £13,893 |
| 3 Month Average | 153.932 % | £6,926 | £11,426 |
| 6 Month Average | 163.904 % | £7,375 | £11,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £126,204 | £125,100 | 8 PRIMROSE STREET |
| 11 Aug 2023 | £76,671 | £76,000 | 18 FORD LODGE |
| 28 Jun 2023 | £70,858 | £70,000 | 8 FORD LODGE |
| 9 Jun 2023 | £101,226 | £100,000 | 6 VIOLET STREET |
| 28 Apr 2023 | £74,805 | £74,000 | 23 FORD LODGE |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 6 Jun 2017. Using an estimated price of £17,920 means this house is valued at £398 per sq meter (£36 per sq foot).
The average size of a house on RAILWAY TERRACE is 140 sq meters (1,508 sq feet).
This house is the smallest in the street with a floor area of 45 sq meters (484 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near High Street |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near High Street |