£114,122
This estimated value is based upon the latest sale price for the house of £81,950 on 10 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £81,950 | 10 Nov 2015 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 November 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £81,950 results in an estimated price of approximately £114,122.
| 10 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £81,950 | £32,172 | £114,122 |
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 | 14.110 % | £11,562 | £93,512 |
| 3 Month Average | 4.899 % | £4,014 | £85,964 |
| 6 Month Average | 3.911 % | £3,204 | £85,154 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £116,728 | £115,000 | 16 FORDLAND PLACE |
| 20 Sep 2023 | £109,905 | £108,500 | 15 WESTWOOD STREET |
| 13 Apr 2023 | £96,034 | £95,000 | 8 FORDLAND PLACE |
| 3 Feb 2023 | £77,448 | £77,500 | 24 ROMFORD STREET |
| 19 Jan 2023 | £159,250 | £160,000 | 10 FERNDENE CRESCENT |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 5 Oct 2015. Using an estimated price of £114,122 means this house is valued at £1,630 per sq meter (£151 per sq foot).
The average size of a house on FORDLAND PLACE is 93 sq meters (1,008 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Tamerton Street |
| Feb 2024 | Drugs | Under investigation | On or near Tamerton Street |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Tamerton Street |
| Mar 2024 | Burglary | Under investigation | On or near Arlington Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Highfield Place |