£33,640
This estimated value is based upon the latest sale price for the house of £30,000 on 8 Mar 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £30,000 | 8 Mar 2021 |
| Terraced |
| Freehold |
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 March 2021 the House Price Index for TYNE AND WEAR was 133.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.135%.Applying this 12.135% change to the original purchase price of £30,000 results in an estimated price of approximately £33,640.
| 8 Mar 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 149.7 | 12.135 % | £30,000 | £3,640 | £33,640 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 148.361 % | £44,508 | £74,508 |
| 3 Month Average | -7.422 % | £-2,226 | £27,773 |
| 6 Month Average | -3.369 % | £-1,010 | £28,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 May 2024 | £75,000 | £75,000 | 25 RIDDINGS ROAD |
| 27 Nov 2023 | £101,322 | £98,750 | 4 RINGWOOD ROAD |
| 13 Jun 2023 | £86,738 | £85,000 | 4 RIDDINGS ROAD |
| 7 Jun 2023 | £137,761 | £135,000 | 16 ROCHDALE ROAD |
| 10 Mar 2023 | £48,307 | £47,500 | 7 RINGWOOD SQUARE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Under investigation | On or near Rhodesia Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Rhodesia Road |
| Aug 2024 | Anti-social behaviour | On or near Rosemary Road | |
| Jul 2024 | Anti-social behaviour | On or near Rosemary Road | |
| Jul 2024 | Anti-social behaviour | On or near Rosemary Road |