£169,301
This estimated value is based upon the latest sale price for the house of £125,000 on 8 Apr 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 8 Apr 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £125,000 results in an estimated price of approximately £169,301.
| 8 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £125,000 | £44,301 | £169,301 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -27.762 % | £-34,702 | £90,297 |
| 3 Month Average | 9.873 % | £12,341 | £137,341 |
| 6 Month Average | 16.310 % | £20,387 | £145,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jan 2023 | £267,002 | £268,260 | 43 TARRAGON WAY |
| 2 Mar 2022 | £124,351 | £120,000 | 88 SOANE GARDENS |
| 31 Jan 2022 | £199,958 | £190,000 | 2 SANDALWOOD |
| 26 Nov 2021 | £135,189 | £125,000 | 82 SOANE GARDENS |
| 29 Oct 2021 | £154,907 | £140,000 | 49 SORREL GARDENS |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 27 Jan 2016. Using an estimated price of £169,302 means this house is valued at £2,384 per sq meter (£221 per sq foot).
The average size of a house on SORREL GARDENS is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Soane Gardens |
| Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Soane Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Soane Gardens |
| Dec 2023 | Public order | Under investigation | On or near Soane Gardens |
| Dec 2023 | Other crime | Under investigation | On or near Soane Gardens |