£121,559
This estimated value is based upon the latest sale price for the house of £70,000 on 8 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 8 Jun 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £70,000 results in an estimated price of approximately £121,559.
| 8 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £70,000 | £51,559 | £121,559 |
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 | -38.989 % | £-27,292 | £42,707 |
| 3 Month Average | 10.161 % | £7,112 | £77,112 |
| 6 Month Average | 12.473 % | £8,731 | £78,731 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Apr 2023 | £101,088 | £100,000 | 34 RALEIGH ROAD |
| 31 Mar 2023 | £85,808 | £85,000 | 17 RALEIGH ROAD |
| 27 Mar 2023 | £75,713 | £75,000 | 11 RADLETT ROAD |
| 10 Mar 2023 | £95,904 | £95,000 | 67 RENFREW ROAD |
| 16 Feb 2023 | £119,919 | £120,000 | 28 REDCAR ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 27 Nov 2019. Using an estimated price of £121,559 means this house is valued at £1,761 per sq meter (£163 per sq foot).
The average size of a house on REETH SQUARE is 102 sq meters (1,103 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Reeth Square |
| Mar 2024 | Public order | Under investigation | On or near Raleigh Square |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Raleigh Square |
| Feb 2024 | Anti-social behaviour | On or near Raleigh Square | |
| Feb 2024 | Anti-social behaviour | On or near Raleigh Square |