£176,177
This estimated value is based upon the latest sale price for the house of £139,000 on 1 Sep 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 |
|---|---|
| £139,000 | 1 Sep 2017 |
| Semi-Detached |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 September 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £139,000 results in an estimated price of approximately £176,177.
| 1 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £139,000 | £37,177 | £176,177 |
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 | 22.481 % | £31,248 | £170,248 |
| 3 Month Average | -0.208 % | £-289 | £138,710 |
| 6 Month Average | 14.673 % | £20,394 | £159,394 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £197,660 | £195,000 | 1 CORRY COURT |
| 27 Feb 2023 | £224,849 | £225,000 | 33 SOUTHMAYNE ROAD |
| 10 Jun 2022 | £209,967 | £207,000 | 58 KILLINGWORTH DRIVE |
| 22 Feb 2022 | £241,200 | £230,000 | 24 CANBERRA ROAD |
| 7 Feb 2022 | £246,443 | £235,000 | 23 SOUTHMAYNE ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 31 May 2017. Using an estimated price of £176,178 means this house is valued at £2,318 per sq meter (£215 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wavendon Crescent |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |
| Jan 2024 | Drugs | Under investigation | On or near Melbourne Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |