£655,422
This estimated value is based upon the latest sale price for the house of £580,000 on 21 May 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Summerhill
More crime details
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| Price Paid | Date |
|---|---|
| £580,000 | 21 May 2021 |
| £150,000 | 1 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 238 sq meters or 2,561 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 May 2021 the House Price Index for TYNE AND WEAR was 131.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.004%.Applying this 13.004% change to the original purchase price of £580,000 results in an estimated price of approximately £655,422.
| 21 May 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 148.6 | 13.004 % | £580,000 | £75,422 | £655,422 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | -22.328 % | £-129,500 | £450,499 |
| 3 Month Average | 5.649 % | £32,762 | £612,762 |
| 6 Month Average | 12.989 % | £75,338 | £655,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £187,524 | £185,000 | 76 HILLCREST |
| 21 Mar 2022 | £263,211 | £254,000 | 10 ST CHADS CRESCENT |
| 22 Oct 2021 | £304,281 | £275,000 | 58 HILLCREST |
| 29 Sep 2021 | £280,174 | £260,000 | 18 ST CHADS CRESCENT |
| 27 Sep 2021 | £305,497 | £283,500 | 22 CAIRNSIDE |
This house has a floor area of 238 sq meters or 2,561 sq feet when measured on 4 Jun 2018. Using an estimated price of £655,422 means this house is valued at £2,753 per sq meter (£255 per sq foot).
There is one other house on the street which we know the size of, this is 1 STEEPHILL it is 364.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Summerhill |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Summerhill |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bridle Path |
| Mar 2024 | Other theft | Under investigation | On or near Petrol Station |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Petrol Station |