£96,697
This estimated value is based upon the latest sale price for the house of £74,000 on 31 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,000 | 31 Jan 2017 |
| £53,000 | 22 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £74,000 results in an estimated price of approximately £96,697.
| 31 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £74,000 | £22,697 | £96,697 |
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 | -39.895 % | £-29,522 | £44,477 |
| 3 Month Average | 30.221 % | £22,363 | £96,363 |
| 6 Month Average | 17.269 % | £12,779 | £86,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £40,254 | £39,550 | 41 MORGAN STREET |
| 25 Jul 2023 | £49,668 | £49,000 | 11 RIDLEY STREET |
| 27 Jan 2023 | £121,428 | £122,000 | 93 THOMPSON ROAD |
| 31 Aug 2022 | £54,852 | £55,000 | 110 THOMPSON ROAD |
| 26 Apr 2022 | £82,384 | £80,000 | 251 SOUTHWICK ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 5 May 2016. Using an estimated price of £96,698 means this house is valued at £879 per sq meter (£81 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Church Street |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Morgan Street |
| Feb 2024 | Other theft | Under investigation | On or near Morgan Street |