£90,529
This estimated value is based upon the latest sale price for the house of £75,500 on 20 Aug 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 |
|---|---|
| £75,500 | 20 Aug 2020 |
| Terraced |
| Freehold |
| Floor Area: 45 sq meters or 484 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 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £75,500 results in an estimated price of approximately £90,529.
| 20 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £75,500 | £15,029 | £90,529 |
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 | -26.196 % | £-19,778 | £55,721 |
| 3 Month Average | -19.720 % | £-14,888 | £60,611 |
| 6 Month Average | -5.230 % | £-3,948 | £71,551 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £91,352 | £90,000 | 7 ERITH TERRACE |
| 24 Nov 2023 | £116,728 | £115,000 | 16 FORDLAND PLACE |
| 10 Nov 2023 | £65,926 | £64,950 | 8 HIGHFIELD PLACE |
| 29 Sep 2023 | £87,367 | £86,250 | 21 ERITH TERRACE |
| 25 Aug 2023 | £102,900 | £102,000 | 20 ERITH TERRACE |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 22 Jun 2020. Using an estimated price of £90,529 means this house is valued at £2,011 per sq meter (£186 per sq foot).
The average size of a house on HIGHFIELD PLACE is 56 sq meters (609 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Highfield Place |
| Feb 2024 | Drugs | Under investigation | On or near Tamerton Street |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Tamerton Street |
| Feb 2024 | Other crime | Under investigation | On or near Tamerton Street |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Bexley Street |