£142,064
This estimated value is based upon the latest sale price for the house of £90,000 on 1 Feb 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £90,000 | 1 Feb 2008 |
| £32,500 | 9 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 2008 the House Price Index for TYNE AND WEAR was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £90,000 results in an estimated price of approximately £142,064.
| 1 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £90,000 | £52,064 | £142,064 |
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 | 47.642 % | £42,877 | £132,877 |
| 3 Month Average | 23.254 % | £20,928 | £110,928 |
| 6 Month Average | 4.930 % | £4,437 | £94,437 |
| 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 |
| 17 Feb 2023 | £156,042 | £155,000 | 1 RIDDINGS ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 24 Nov 2014. Using an estimated price of £142,064 means this house is valued at £2,254 per sq meter (£209 per sq foot).
The average size of a house on RHODESIA ROAD is 86 sq meters (934 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Under investigation | On or near Riddings Square |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Riddings Square |
| Aug 2024 | Other crime | 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 |