£55,596
This estimated value is based upon the latest sale price for the house of £45,000 on 25 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £45,000 | 25 Jun 2019 |
| £85,000 | 26 Jun 2007 |
| £79,950 | 20 Jun 2006 |
| £28,562 | 5 Jul 2002 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 635 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £45,000 results in an estimated price of approximately £55,596.
| 25 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £45,000 | £10,596 | £55,596 |
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 | 59.462 % | £26,757 | £71,757 |
| 3 Month Average | 5.617 % | £2,527 | £47,527 |
| 6 Month Average | 0.545 % | £245 | £45,245 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £55,000 | £55,000 | 29 VIOLET STREET |
| 3 Nov 2023 | £77,142 | £76,000 | 10 VIOLET STREET |
| 13 Jan 2023 | £72,658 | £73,000 | 8 VIOLET STREET |
| 4 Nov 2022 | £39,522 | £40,001 | 9A ATKINSONS BUILDINGS TRIMDON STREET |
| 14 Oct 2022 | £77,169 | £78,000 | 11 ROSE STREET |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 8 Jan 2019. Using an estimated price of £55,597 means this house is valued at £942 per sq meter (£87 per sq foot).
The average size of a house on MAY STREET is 73 sq meters (794 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Deptford Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Alliance Place |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fern Street |
| Feb 2024 | Other theft | Under investigation | On or near Fern Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Dahlia Court |