£60,824
This estimated value is based upon the latest sale price for the house of £58,000 on 15 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£58,000 | 15 Feb 2022 |
£55,000 | 17 Mar 2015 |
Terraced |
Freehold |
Floor Area: 48 sq meters or 516 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £58,000 results in an estimated price of approximately £60,824.
15 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 148.6 | 4.869 % | £58,000 | £2,824 | £60,824 |
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 | 13.409 % | £7,777 | £65,777 |
3 Month Average | -7.598 % | £-4,406 | £53,593 |
6 Month Average | -5.285 % | £-3,065 | £54,934 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Sep 2023 | £111,425 | £110,000 | 23 PERCIVAL STREET |
8 Sep 2023 | £81,036 | £80,000 | 30 EAST MOOR ROAD |
25 Aug 2023 | £88,272 | £87,500 | 12 CHEVIOT STREET |
4 Aug 2023 | £58,512 | £58,000 | 13 EAST MOOR ROAD |
16 Mar 2023 | £60,571 | £60,000 | 24 EAST MOOR ROAD |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 16 Jul 2019. Using an estimated price of £60,824 means this house is valued at £1,267 per sq meter (£117 per sq foot).
The average size of a house on DUNCAN STREET is 75 sq meters (809 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Duncan Street |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Garnet Street |