£150,952
This estimated value is based upon the latest sale price for the house of £122,500 on 12 Nov 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £122,500 | 12 Nov 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 136 sq meters or 1,463 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 November 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £122,500 results in an estimated price of approximately £150,952.
| 12 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £122,500 | £28,452 | £150,952 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -10.559 % | £-12,934 | £109,565 |
| 3 Month Average | 14.156 % | £17,340 | £139,840 |
| 6 Month Average | 15.259 % | £18,692 | £141,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2023 | £334,502 | £330,000 | 27 MOOR LANE EAST |
| 24 Jun 2022 | £253,584 | £250,000 | 133 SUNDERLAND ROAD |
| 13 Apr 2022 | £236,854 | £230,000 | 137 SUNDERLAND ROAD |
| 18 Feb 2022 | £288,391 | £275,000 | 11 ST MARYS AVENUE |
| 12 Nov 2021 | £292,550 | £270,500 | 62 MARSDEN ROAD |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 3 May 2018. Using an estimated price of £150,953 means this house is valued at £1,109 per sq meter (£103 per sq foot).
The average size of a house on SUNDERLAND ROAD is 142 sq meters (1,534 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Petrol Station |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Feb 2024 | Other theft | Under investigation | On or near Petrol Station |
| Jan 2024 | Other theft | Under investigation | On or near Petrol Station |