£97,577
This estimated value is based upon the latest sale price for the house of £80,000 on 31 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 31 Jan 2020 |
| Freehold |
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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £80,000 results in an estimated price of approximately £97,577.
| 31 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £80,000 | £17,577 | £97,577 |
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 | -11.202 % | £-8,961 | £71,038 |
| 3 Month Average | 22.012 % | £17,609 | £97,609 |
| 6 Month Average | 24.159 % | £19,327 | £99,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £142,104 | £140,000 | 15 MULBERRY AVENUE |
| 28 Apr 2023 | £94,518 | £93,500 | 32 RAMSGATE ROAD |
| 21 Apr 2023 | £70,762 | £70,000 | 21 BURNTLAND AVENUE |
| 24 Feb 2023 | £119,919 | £120,000 | 30 YEWTREE AVENUE |
| 17 Feb 2023 | £129,913 | £130,000 | 63 RAMSGATE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Bicycle theft | Under investigation | On or near Riverside Road |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Pinewood Square |
| Jan 2024 | Shoplifting | Under investigation | On or near Pinewood Square |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Pinewood Square |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Pinewood Square |