£85,753
This estimated value is based upon the latest sale price for the house of £60,000 on 14 Aug 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 14 Aug 2015 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 August 2015 the House Price Index for TYNE AND WEAR was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £60,000 results in an estimated price of approximately £85,753.
| 14 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £60,000 | £25,753 | £85,753 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 22.622 % | £13,573 | £73,573 |
| 3 Month Average | 21.096 % | £12,657 | £72,657 |
| 6 Month Average | 16.172 % | £9,703 | £69,703 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £65,977 | £65,000 | 60 SOMERSET COTTAGES |
| 12 Sep 2023 | £55,712 | £55,000 | 62 SOMERSET COTTAGES |
| 1 Sep 2023 | £81,036 | £80,000 | 17 SOMERSET STREET |
| 23 Aug 2023 | £49,432 | £49,000 | 18 SOMERSET COTTAGES |
| 19 Jul 2023 | £35,477 | £35,000 | 12 WARWICK TERRACE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 22 Jun 2015. Using an estimated price of £85,754 means this house is valued at £832 per sq meter (£77 per sq foot).
The average size of a house on SOMERSET COTTAGES is 95 sq meters (1,030 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Belstone Court |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Belstone Court |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Belstone Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Belstone Court |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Belstone Court |