£197,940
This estimated value is based upon the latest sale price for the house of £125,000 on 25 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 25 Feb 2014 |
| £118,900 | 7 Dec 2012 |
| £78,000 | 7 Mar 2011 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £125,000 results in an estimated price of approximately £197,940.
| 25 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £125,000 | £72,940 | £197,940 |
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 | 58.171 % | £72,714 | £197,714 |
| 3 Month Average | 8.607 % | £10,758 | £135,758 |
| 6 Month Average | 8.655 % | £10,818 | £135,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £113,451 | £112,000 | 26 NORA STREET |
| 30 Jun 2023 | £187,268 | £185,000 | 186 CLEVELAND ROAD |
| 30 Jun 2023 | £142,223 | £140,500 | 188 CLEVELAND ROAD |
| 2 Jun 2023 | £116,410 | £115,000 | 8 KITCHENER STREET |
| 22 Mar 2023 | £65,618 | £65,000 | 23 KITCHENER STREET |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 16 Dec 2021. Using an estimated price of £197,941 means this house is valued at £1,815 per sq meter (£168 per sq foot).
The average size of a house on CLEVELAND ROAD is 125 sq meters (1,355 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Colchester Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colchester Terrace |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Colchester Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farnham Terrace |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Nora Street |