£122,473
This estimated value is based upon the latest sale price for the house of £64,500 on 20 Oct 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 |
|---|---|
| £64,500 | 20 Oct 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 October 2004 the House Price Index for TYNE AND WEAR was 78.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 89.881%.Applying this 89.881% change to the original purchase price of £64,500 results in an estimated price of approximately £122,473.
| 20 Oct 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 148.6 | 89.881 % | £64,500 | £57,973 | £122,473 |
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 | 28.934 % | £18,662 | £83,162 |
| 3 Month Average | 9.205 % | £5,937 | £70,437 |
| 6 Month Average | 11.144 % | £7,187 | £71,687 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £91,603 | £90,000 | 24 SOUTH VIEW |
| 29 Sep 2023 | £136,748 | £135,000 | 51 DOULTON DRIVE |
| 29 Sep 2023 | £106,309 | £104,950 | 16 PENNYMORE SQUARE |
| 28 Jul 2023 | £150,019 | £148,000 | 17 DOULTON DRIVE |
| 1 Jun 2023 | £138,680 | £137,000 | 678 HYLTON ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 28 Feb 2019. Using an estimated price of £122,473 means this house is valued at £1,407 per sq meter (£130 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Pennygate Square | |
| Feb 2024 | Anti-social behaviour | On or near Pennygate Square | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pennygreen Square |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Pennygreen Square |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Pennycross Road |