£121,554
This estimated value is based upon the latest sale price for the house of £120,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £120,000 | 29 Sep 2023 |
| £103,000 | 2 Dec 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 877 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 September 2023 the House Price Index for TYNE AND WEAR was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £120,000 results in an estimated price of approximately £121,554.
| 29 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £120,000 | £1,554 | £121,554 |
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 | 49.241 % | £59,089 | £179,089 |
| 3 Month Average | -5.176 % | £-6,211 | £113,788 |
| 6 Month Average | -4.400 % | £-5,279 | £114,720 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £147,179 | £145,000 | 28 CAMBRIA GREEN |
| 3 Nov 2023 | £131,954 | £130,000 | 41 MAYFIELD ROAD |
| 29 Sep 2023 | £121,554 | £120,000 | 26 FAIRMEAD WAY |
| 29 Sep 2023 | £102,055 | £100,750 | 29 EVESHAM |
| 25 Aug 2023 | £110,920 | £109,950 | 14 CAMBRIA GREEN |
This house has a floor area of 81 sq meters or 877 sq feet when measured on 1 Nov 2010. Using an estimated price of £121,554 means this house is valued at £1,491 per sq meter (£138 per sq foot).
The average size of a house on FAIRMEAD WAY is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Fairmead Way | |
| Jan 2024 | Anti-social behaviour | On or near Fairmead Way | |
| Jan 2024 | Anti-social behaviour | On or near Fairmead Way | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Avondale |