£302,398
This estimated value is based upon the latest sale price for the house of £235,000 on 26 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Summerhill
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| Price Paid | Date |
|---|---|
| £235,000 | 26 May 2017 |
| £225,000 | 17 Oct 2014 |
| £215,000 | 19 Jul 2005 |
| £215,000 | 19 Jul 2005 |
| 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £235,000 results in an estimated price of approximately £302,398.
| 26 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £235,000 | £67,398 | £302,398 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 43.642 % | £102,558 | £337,558 |
| 3 Month Average | 36.224 % | £85,126 | £320,126 |
| 6 Month Average | 29.809 % | £70,052 | £305,052 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £208,081 | £205,000 | 55 SUMMERHILL |
| 13 Jul 2023 | £407,991 | £402,500 | 12 CAREEN CRESCENT |
| 29 Mar 2023 | £348,281 | £345,000 | 9 FOXCOVER LANE |
| 21 Mar 2022 | £263,211 | £254,000 | 10 ST CHADS CRESCENT |
| 12 Jan 2022 | £231,530 | £220,000 | 2 FOXCOVER LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Summerhill |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Summerhill |
| Mar 2024 | Other theft | Under investigation | On or near Petrol Station |
| Dec 2023 | Public order | Under investigation | On or near Petrol Station |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Crow Lane |