£124,380
This estimated value is based upon the latest sale price for the house of £73,500 on 2 Nov 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £73,500 | 2 Nov 2012 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2012 the House Price Index for TYNE AND WEAR was 87.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.226%.Applying this 69.226% change to the original purchase price of £73,500 results in an estimated price of approximately £124,380.
| 2 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 148.6 | 69.226 % | £73,500 | £50,880 | £124,380 |
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 | 11.578 % | £8,509 | £82,009 |
| 3 Month Average | 6.440 % | £4,733 | £78,233 |
| 6 Month Average | 8.014 % | £5,890 | £79,390 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £109,905 | £108,500 | 15 WESTWOOD STREET |
| 15 Sep 2023 | £135,229 | £133,500 | 11 BROOKLAND ROAD |
| 25 Aug 2023 | £95,838 | £95,000 | 29 WESTWOOD STREET |
| 20 Feb 2023 | £118,800 | £118,880 | 24 BROOKLAND ROAD |
| 19 Jan 2023 | £159,250 | £160,000 | 10 FERNDENE CRESCENT |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 6 Mar 2012. Using an estimated price of £124,381 means this house is valued at £1,535 per sq meter (£142 per sq foot).
The average size of a house on BANCROFT TERRACE is 114 sq meters (1,232 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bancroft Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bancroft Terrace |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Bancroft Terrace |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bancroft Terrace |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Bancroft Terrace |