£168,842
This estimated value is based upon the latest sale price for the house of £125,000 on 31 Mar 2016. 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 | 31 Mar 2016 |
| £75,950 | 1 Oct 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £125,000 results in an estimated price of approximately £168,842.
| 31 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £125,000 | £43,842 | £168,842 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 40.208 % | £50,260 | £175,260 |
| 3 Month Average | 32.614 % | £40,767 | £165,767 |
| 6 Month Average | 30.256 % | £37,819 | £162,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £202,452 | £200,000 | 25 REDEWOOD CLOSE |
| 21 Apr 2023 | £126,361 | £125,000 | 4 CAROLINE PIT COTTAGES |
| 6 Jan 2023 | £179,156 | £180,000 | 52 SLATYFORD LANE |
| 6 Jan 2023 | £79,625 | £80,000 | 54 SLATYFORD LANE |
| 19 Aug 2022 | £119,678 | £120,000 | 47 REDEWOOD CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 3 Mar 2016. Using an estimated price of £168,842 means this house is valued at £2,137 per sq meter (£198 per sq foot).
The average size of a house on SILLOTH AVENUE is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Silloth Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Shap Lane |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Shap Lane |
| Mar 2024 | Drugs | Offender given a caution | On or near Shap Lane |
| Feb 2024 | Anti-social behaviour | On or near Shap Lane |