£155,353
This estimated value is based upon the latest sale price for the house of £76,000 on 1 Apr 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £76,000 | 1 Apr 2004 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 April 2004 the House Price Index for TYNE AND WEAR was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £76,000 results in an estimated price of approximately £155,353.
| 1 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £76,000 | £79,353 | £155,353 |
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 | 42.022 % | £31,936 | £107,936 |
| 3 Month Average | 23.660 % | £17,981 | £93,981 |
| 6 Month Average | 34.924 % | £26,542 | £102,542 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £71,001 | £69,950 | 34 FRANKLIN STREET |
| 27 Sep 2023 | £118,515 | £117,000 | 19 CROMWELL STREET |
| 10 Jul 2023 | £101,314 | £99,950 | 20 JOHN CANDLISH ROAD |
| 10 Nov 2022 | £93,863 | £95,000 | 24 JOHN CANDLISH ROAD |
| 26 Jul 2022 | £90,243 | £90,000 | 40 CROMWELL STREET |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 25 Jun 2012. Using an estimated price of £155,353 means this house is valued at £1,635 per sq meter (£151 per sq foot).
The average size of a house on CROMWELL STREET is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cromwell Street |
| Mar 2024 | Anti-social behaviour | On or near Cromwell Street | |
| Mar 2024 | Bicycle theft | Under investigation | On or near Cromwell Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cromwell Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ailesbury Street |