£60,351
This estimated value is based upon the latest sale price for the house of £45,323 on 15 Jul 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 |
|---|---|
| £45,323 | 15 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £45,323 results in an estimated price of approximately £60,351.
| 15 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £45,323 | £15,028 | £60,351 |
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 | 39.338 % | £17,829 | £63,152 |
| 3 Month Average | 16.396 % | £7,431 | £52,754 |
| 6 Month Average | 16.393 % | £7,429 | £52,752 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £164,439 | £163,000 | 27 FERNDENE CRESCENT |
| 28 Jul 2023 | £72,982 | £72,000 | 11 KIMBERLEY STREET |
| 9 Jun 2023 | £131,594 | £130,000 | 42 FERNDENE CRESCENT |
| 1 Mar 2023 | £68,647 | £68,000 | 26 MAFEKING STREET |
| 10 Feb 2023 | £65,956 | £66,000 | 36 KIMBERLEY STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 11 Feb 2016. Using an estimated price of £60,351 means this house is valued at £887 per sq meter (£82 per sq foot).
The average size of a house on MAFEKING STREET is 72 sq meters (780 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hazledene Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sheridan Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sheridan Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sheridan Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sheridan Street |