£124,394
This estimated value is based upon the latest sale price for the house of £100,000 on 8 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 8 Jun 2018 |
| £105,000 | 1 Apr 2005 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £100,000 results in an estimated price of approximately £124,394.
| 8 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £100,000 | £24,394 | £124,394 |
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 | 38.037 % | £38,037 | £138,037 |
| 3 Month Average | 5.195 % | £5,194 | £105,194 |
| 6 Month Average | 16.824 % | £16,823 | £116,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £92,812 | £92,000 | 3 VALE STREET |
| 21 Jul 2023 | £83,626 | £82,500 | 25 HUTTON STREET |
| 2 Jun 2023 | £91,104 | £90,000 | 12 VALE STREET |
| 1 Mar 2023 | £71,675 | £71,000 | 11 VALE STREET |
| 25 Aug 2022 | £92,700 | £92,950 | 17 HUTTON STREET |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 24 Mar 2017. Using an estimated price of £124,394 means this house is valued at £1,196 per sq meter (£111 per sq foot).
The average size of a house on BURNVILLE ROAD is 101 sq meters (1,094 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Burnville Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Vale Street East |
| Jan 2024 | Anti-social behaviour | On or near Vale Street | |
| Jan 2024 | Anti-social behaviour | On or near Vale Street | |
| Jan 2024 | Anti-social behaviour | On or near Vale Street |