£96,995
This estimated value is based upon the latest sale price for the house of £56,750 on 20 Mar 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £56,750 | 20 Mar 2012 |
| Detached |
| Freehold |
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 March 2012 the House Price Index for TYNE AND WEAR was 86.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.916%.Applying this 70.916% change to the original purchase price of £56,750 results in an estimated price of approximately £96,995.
| 20 Mar 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 148.6 | 70.916 % | £56,750 | £40,245 | £96,995 |
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 | 54.209 % | £30,763 | £87,513 |
| 3 Month Average | 21.808 % | £12,375 | £69,125 |
| 6 Month Average | 15.691 % | £8,904 | £65,654 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £167,137 | £165,000 | 19 FOXTON CLOSE |
| 25 Aug 2023 | £86,759 | £86,000 | 402 ST LUKES ROAD |
| 4 Aug 2023 | £123,077 | £122,000 | 3 PELAW SQUARE |
| 31 Jul 2023 | £126,705 | £125,000 | 11 PHOENIX ROAD |
| 24 Mar 2023 | £80,761 | £80,000 | 384 ST LUKES ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Pelaw Square |
| Mar 2024 | Other crime | Awaiting court outcome | On or near Pelaw Square |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pelaw Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Pelaw Square |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pelaw Square |