£56,665
This estimated value is based upon the latest sale price for the house of £55,000 on 17 Jan 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 17 Jan 2024 |
| £60,000 | 5 Apr 2007 |
| £32,000 | 26 Apr 2002 |
| £14,500 | 4 Apr 1996 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 558 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 January 2024 the House Price Index for TYNE AND WEAR was 145.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.028%.Applying this 3.028% change to the original purchase price of £55,000 results in an estimated price of approximately £56,665.
| 17 Jan 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.3 | 149.7 | 3.028 % | £55,000 | £1,665 | £56,665 |
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 | 3.715 % | £2,043 | £57,043 |
| 3 Month Average | 0.853 % | £469 | £55,469 |
| 6 Month Average | 5.200 % | £2,860 | £57,860 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £69,495 | £69,495 | 5 DUKE STREET |
| 21 Mar 2024 | £53,827 | £53,000 | 3 HOUGHTON STREET |
| 28 Apr 2023 | £110,059 | £108,000 | 34 HYLTON STREET |
| 30 Mar 2023 | £69,155 | £68,000 | 74 ST MARKS ROAD |
| 24 Mar 2023 | £58,985 | £58,000 | 22 HOUGHTON STREET |
This house has a floor area of 51 sq meters or 558 sq feet when measured on 31 Oct 2008.
The average size of a house on RAINTON STREET is 79 sq meters (857 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Duke Street |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Duke Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Rainton Street |
| Jun 2024 | Anti-social behaviour | On or near Rainton Street | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Rainton Street |