£291,988
This estimated value is based upon the latest sale price for the house of £235,000 on 26 Jul 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 |
---|---|
£235,000 | 26 Jul 2019 |
Detached |
Freehold |
Floor Area: 135 sq meters or 1,453 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £235,000 results in an estimated price of approximately £291,988.
26 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.250 % | £235,000 | £56,988 | £291,988 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 17.923 % | £42,119 | £277,119 |
3 Month Average | -14.557 % | £-34,208 | £200,791 |
6 Month Average | -4.387 % | £-10,309 | £224,690 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 May 2024 | £130,000 | £130,000 | 49 QUEEN ALEXANDRA ROAD |
20 Jan 2023 | £451,206 | £450,000 | 2 THORNFIELD GROVE |
9 Sep 2022 | £509,660 | £510,000 | 25 SEA VIEW ROAD |
29 Jul 2022 | £156,569 | £155,000 | 3 WINALOT AVENUE |
26 May 2022 | £256,687 | £250,000 | 14 WALLINGFORD AVENUE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 14 Dec 2018. Using an estimated price of £291,989 means this house is valued at £2,162 per sq meter (£200 per sq foot).
Date | Crime | Outcome | Where |
---|---|---|---|
Aug 2024 | Public order | Under investigation | On or near Wallingford Avenue |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Wynyard Square |
May 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Waldron Square |
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Warnham Avenue |
Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Wroxham Court |