£92,614
This estimated value is based upon the latest sale price for the house of £75,000 on 14 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 14 Sep 2018 |
| £26,500 | 14 May 1999 |
| 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 September 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £75,000 results in an estimated price of approximately £92,614.
| 14 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £75,000 | £17,614 | £92,614 |
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 | 34.325 % | £25,743 | £100,743 |
| 3 Month Average | 17.575 % | £13,181 | £88,181 |
| 6 Month Average | 9.033 % | £6,774 | £81,774 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £89,201 | £88,000 | 60 SORLEY STREET |
| 24 Aug 2022 | £94,745 | £95,000 | 7 SORLEY STREET |
| 30 Jun 2022 | £106,505 | £105,000 | 47 SORLEY STREET |
| 10 Mar 2022 | £82,383 | £79,500 | 12 HOWARTH STREET |
| 7 Jan 2022 | £89,455 | £85,000 | 36 SORLEY STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 3 Mar 2016. Using an estimated price of £92,615 means this house is valued at £1,342 per sq meter (£124 per sq foot).
The average size of a house on SORLEY STREET is 101 sq meters (1,095 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Howarth Street |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Willmore Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Willmore Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Willmore Street |
| Feb 2024 | Other theft | Under investigation | On or near Willmore Street |