£114,672
This estimated value is based upon the latest sale price for the house of £58,000 on 3 Jun 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £58,000 | 3 Jun 2004 |
| £35,000 | 17 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 June 2004 the House Price Index for TYNE AND WEAR was 75.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 97.712%.Applying this 97.712% change to the original purchase price of £58,000 results in an estimated price of approximately £114,672.
| 3 Jun 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 148.6 | 97.712 % | £58,000 | £56,672 | £114,672 |
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 | -20.068 % | £-11,639 | £46,360 |
| 3 Month Average | 44.137 % | £25,599 | £83,599 |
| 6 Month Average | 61.423 % | £35,625 | £93,625 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £56,030 | £55,050 | 39 BEECHWOOD CRESCENT |
| 22 Jun 2023 | £70,808 | £69,950 | 8 GROSVENOR STREET |
| 31 Mar 2023 | £100,946 | £99,995 | 35 GROSVENOR STREET |
| 16 Feb 2023 | £48,736 | £48,769 | 7 ELMWOOD AVENUE |
| 5 Jan 2023 | £74,151 | £74,500 | 139 LICHFIELD ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 20 May 2017. Using an estimated price of £114,673 means this house is valued at £1,207 per sq meter (£112 per sq foot).
The average size of a house on OLD MILL ROAD is 98 sq meters (1,063 sq feet).
This house is the largest in the street with a floor area of 95 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Church View |
| Jan 2024 | Other theft | Under investigation | On or near Church View |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Church View |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Oaklands Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Old Mill Road |