£74,858
This estimated value is based upon the latest sale price for the house of £40,000 on 11 Feb 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £40,000 | 11 Feb 2005 |
| £28,400 | 31 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 February 2005 the House Price Index for TYNE AND WEAR was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £40,000 results in an estimated price of approximately £74,858.
| 11 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.6 | 87.147 % | £40,000 | £34,858 | £74,858 |
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 | 21.273 % | £8,509 | £48,509 |
| 3 Month Average | 4.053 % | £1,621 | £41,621 |
| 6 Month Average | 5.942 % | £2,376 | £42,376 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £76,671 | £76,000 | 24 WILFRED STREET |
| 10 Mar 2023 | £64,609 | £64,000 | 4 WILFRED STREET |
| 6 Jan 2023 | £79,625 | £80,000 | 7 MARGARET ALICE STREET |
| 6 Jan 2023 | £34,836 | £35,000 | 28 WARENNES STREET |
| 15 Jul 2022 | £88,238 | £88,000 | 6 MARGARET ALICE STREET |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 4 Apr 2017. Using an estimated price of £74,859 means this house is valued at £1,117 per sq meter (£103 per sq foot).
The average size of a house on WILFRED STREET is 74 sq meters (802 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wilfred Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Plantation Road |
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Warennes Street |
| Jan 2024 | Anti-social behaviour | On or near Warennes Street | |
| Jan 2024 | Anti-social behaviour | On or near Warennes Street |