£113,387
This estimated value is based upon the latest sale price for the house of £43,000 on 11 Oct 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£43,000 | 11 Oct 2002 |
Terraced |
Freehold |
Floor Area: 75 sq meters or 807 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 October 2002 the House Price Index for TYNE AND WEAR was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £43,000 results in an estimated price of approximately £113,387.
11 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
56.4 | 148.6 | 163.693 % | £43,000 | £70,387 | £113,387 |
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 | 142.026 % | £61,070 | £104,070 |
3 Month Average | 101.616 % | £43,694 | £86,694 |
6 Month Average | 104.675 % | £45,010 | £88,010 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £116,728 | £115,000 | 16 FORDLAND PLACE |
5 Jun 2023 | £86,042 | £85,000 | 10 HIGHFIELD PLACE |
13 Apr 2023 | £96,034 | £95,000 | 8 FORDLAND PLACE |
3 Feb 2023 | £77,448 | £77,500 | 24 ROMFORD STREET |
19 Jan 2023 | £159,250 | £160,000 | 10 FERNDENE CRESCENT |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Jan 2017. Using an estimated price of £113,388 means this house is valued at £1,511 per sq meter (£140 per sq foot).
The average size of a house on FORDLAND PLACE is 93 sq meters (1,008 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Drugs | Under investigation | On or near Tamerton Street |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Tamerton Street |
Feb 2024 | Other crime | Under investigation | On or near Tamerton Street |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Highfield Place |
Mar 2024 | Burglary | Under investigation | On or near Arlington Street |