£76,972
This estimated value is based upon the latest sale price for the house of £40,000 on 27 Jul 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 |
|---|---|
| £40,000 | 27 Jul 2004 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2004 the House Price Index for TYNE AND WEAR was 76.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 92.432%.Applying this 92.432% change to the original purchase price of £40,000 results in an estimated price of approximately £76,972.
| 27 Jul 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 146.7 | 92.432 % | £40,000 | £36,972 | £76,972 |
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 | 47.614 % | £19,045 | £59,045 |
| 3 Month Average | 50.161 % | £20,064 | £60,064 |
| 6 Month Average | 58.527 % | £23,410 | £63,410 |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 14 Oct 2014.
The average size of a house on SPRINGWELL ROAD is 78 sq meters (844 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Selby Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Strathmore Square |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Strathmore Square |
| Mar 2024 | Anti-social behaviour | On or near Strathmore Square | |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Strathmore Square |