£192,550
This estimated value is based upon the latest sale price for the house of £144,950 on 23 Sep 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £144,950 | 23 Sep 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 September 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £144,950 results in an estimated price of approximately £192,550.
| 23 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £144,950 | £47,600 | £192,550 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -50.046 % | £-72,540 | £72,409 |
| 3 Month Average | 10.576 % | £15,330 | £160,280 |
| 6 Month Average | 13.276 % | £19,242 | £164,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £257,000 | £257,000 | 22 GRASMOOR VIEW |
| 14 Jul 2023 | £243,274 | £240,000 | 29 GRASMOOR VIEW |
| 7 Jul 2023 | £96,296 | £95,000 | 28 RAVENNA ROAD |
| 31 Mar 2023 | £75,713 | £75,000 | 47 KINGSCLERE AVENUE |
| 3 Mar 2023 | £70,666 | £70,000 | 21 KINGSLAND SQUARE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 18 Sep 2015. Using an estimated price of £192,550 means this house is valued at £2,115 per sq meter (£196 per sq foot).
There is one other house on the street which we know the size of, this is 1 MUNRO WAY it is 91.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Scafell Close |
| Mar 2024 | Anti-social behaviour | On or near Kidderminster Road | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Kidderminster Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kidderminster Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Kidderminster Road |