£93,372
This estimated value is based upon the latest sale price for the house of £20,000 on 12 Nov 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £20,000 | 12 Nov 1998 |
| Terraced |
| 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 November 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.861%.Applying this 366.861% change to the original purchase price of £20,000 results in an estimated price of approximately £93,372.
| 12 Nov 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.861 % | £20,000 | £73,372 | £93,372 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 38.263 % | £7,652 | £27,652 |
| 3 Month Average | 165.084 % | £33,016 | £53,016 |
| 6 Month Average | 144.862 % | £28,972 | £48,972 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £80,000 | £80,000 | 38 MOWBRAY ROAD |
| 18 Dec 2023 | £95,432 | £92,500 | 1 BISHOPTON STREET |
| 16 Jun 2023 | £81,636 | £80,000 | 3 BISHOPTON STREET |
| 29 Mar 2023 | £72,308 | £71,100 | 32 MOWBRAY ROAD |
| 28 Mar 2023 | £294,925 | £290,000 | 9 SALISBURY STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Osman Close |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Osman Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Osman Close |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Osman Close |
| Jun 2024 | Vehicle crime | Under investigation | On or near Salem Street |