£81,468
This estimated value is based upon the latest sale price for the house of £61,000 on 1 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Ravensworth Street
More crime details
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Price Paid | Date |
---|---|
£61,000 | 1 Jun 2016 |
Terraced |
Freehold |
Floor Area: 91 sq meters or 979 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £61,000 results in an estimated price of approximately £81,468.
1 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 148.6 | 33.555 % | £61,000 | £20,468 | £81,468 |
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 | 50.038 % | £30,523 | £91,523 |
3 Month Average | 13.362 % | £8,150 | £69,150 |
6 Month Average | 17.121 % | £10,443 | £71,443 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £50,890 | £50,000 | 30 MILLBURN STREET |
11 Sep 2023 | £93,192 | £92,000 | 60 RAVENSWORTH STREET |
20 Jul 2023 | £32,437 | £32,000 | 3 MILLBURN STREET |
6 Apr 2023 | £49,533 | £49,000 | 77 MILLBURN STREET |
31 Aug 2022 | £86,268 | £86,500 | 59 RAVENSWORTH STREET |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 23 Feb 2016. Using an estimated price of £81,469 means this house is valued at £895 per sq meter (£83 per sq foot).
The average size of a house on MILBURN STREET is 67 sq meters (723 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Under investigation | On or near Ravensworth Street |
Jan 2024 | Anti-social behaviour | On or near Ravensworth Street | |
Jan 2024 | Anti-social behaviour | On or near Ravensworth Street | |
Jan 2024 | Anti-social behaviour | On or near Ravensworth Street | |
Mar 2024 | Anti-social behaviour | On or near Lansdowne Street |