£363,928
This estimated value is based upon the latest sale price for the house of £193,000 on 20 Dec 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £193,000 | 20 Dec 2004 |
| £73,000 | 27 Mar 1998 |
| Semi-Detached |
| Leasehold |
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 2004 the House Price Index for TYNE AND WEAR was 78.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.564%.Applying this 88.564% change to the original purchase price of £193,000 results in an estimated price of approximately £363,928.
| 20 Dec 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 148.6 | 88.564 % | £193,000 | £170,928 | £363,928 |
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 | 27.382 % | £52,846 | £245,846 |
| 3 Month Average | 3.674 % | £7,091 | £200,091 |
| 6 Month Average | 7.063 % | £13,630 | £206,630 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £197,660 | £195,000 | 1 CORRY COURT |
| 27 Feb 2023 | £224,849 | £225,000 | 33 SOUTHMAYNE ROAD |
| 14 Jun 2022 | £223,154 | £220,000 | 12 CORTINA AVENUE |
| 22 Feb 2022 | £241,200 | £230,000 | 24 CANBERRA ROAD |
| 10 Feb 2022 | £228,615 | £218,000 | 113 KILLINGWORTH DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wavendon Crescent |
| Jan 2024 | Drugs | Under investigation | On or near Melbourne Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |