£337,949
This estimated value is based upon the latest sale price for the house of £195,000 on 3 Jun 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£195,000 | 3 Jun 2011 |
Semi-Detached |
Leasehold |
Floor Area: 130 sq meters or 1,408 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 June 2011 the House Price Index for TYNE AND WEAR was 85.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.308%.Applying this 73.308% change to the original purchase price of £195,000 results in an estimated price of approximately £337,949.
3 Jun 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.7 | 148.6 | 73.308 % | £195,000 | £142,949 | £337,949 |
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 | 18.963 % | £36,978 | £231,978 |
3 Month Average | 6.140 % | £11,972 | £206,972 |
6 Month Average | 12.807 % | £24,973 | £219,973 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Jul 2023 | £197,660 | £195,000 | 1 CORRY COURT |
25 Jul 2023 | £226,803 | £223,750 | 54 KILLINGWORTH DRIVE |
27 Feb 2023 | £224,849 | £225,000 | 33 SOUTHMAYNE ROAD |
14 Jun 2022 | £223,154 | £220,000 | 12 CORTINA AVENUE |
10 Jun 2022 | £209,967 | £207,000 | 58 KILLINGWORTH DRIVE |
This house has a floor area of 130 sq meters or 1,408 sq feet when measured on 3 Jul 2010. Using an estimated price of £337,950 means this house is valued at £2,581 per sq meter (£239 per sq foot).
The average size of a house on SOUTHMAYNE ROAD is 172 sq meters (1,856 sq feet).
This house is the largest in the street with a floor area of 130 sq meters (1,408 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Wavendon Crescent |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |
Jan 2024 | Drugs | Under investigation | On or near Melbourne Place |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Place |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |