£70,981
This estimated value is based upon the latest sale price for the house of £57,000 on 2 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Willmore Street
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Price Paid | Date |
---|---|
£57,000 | 2 May 2019 |
Terraced |
Freehold |
Floor Area: 66 sq meters or 710 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 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £57,000 results in an estimated price of approximately £70,981.
2 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 149.7 | 24.529 % | £57,000 | £13,981 | £70,981 |
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 | 14.665 % | £8,358 | £65,358 |
3 Month Average | -12.289 % | £-7,004 | £49,995 |
6 Month Average | 8.382 % | £4,777 | £61,777 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £55,815 | £54,100 | 22 HUME STREET |
16 Mar 2023 | £91,529 | £90,000 | 223 HYLTON ROAD |
4 Jan 2023 | £70,188 | £70,000 | 200 HYLTON ROAD |
24 Aug 2022 | £95,446 | £95,000 | 7 SORLEY STREET |
30 Jun 2022 | £107,294 | £105,000 | 47 SORLEY STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 30 Jan 2019. Using an estimated price of £70,981 means this house is valued at £1,075 per sq meter (£99 per sq foot).
The average size of a house on WILLMORE STREET is 83 sq meters (903 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Burglary | Under investigation | On or near Willmore Street |
Jun 2024 | Public order | Under investigation | On or near Willmore Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Willmore Street |
Jun 2024 | Public order | Under investigation | On or near Willmore Street |