£117,257
This estimated value is based upon the latest sale price for the house of £72,500 on 30 Mar 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£72,500 | 30 Mar 2007 |
£40,000 | 26 Sep 2003 |
Terraced |
Freehold |
Floor Area: 55 sq meters or 592 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 March 2007 the House Price Index for TYNE AND WEAR was 91.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 61.735%.Applying this 61.735% change to the original purchase price of £72,500 results in an estimated price of approximately £117,257.
30 Mar 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
91.9 | 148.6 | 61.735 % | £72,500 | £44,757 | £117,257 |
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 | 13.106 % | £9,501 | £82,001 |
3 Month Average | -1.823 % | £-1,321 | £71,178 |
6 Month Average | -2.323 % | £-1,684 | £70,815 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £55,712 | £55,000 | 10 BRADY STREET |
4 Aug 2023 | £58,512 | £58,000 | 13 EAST MOOR ROAD |
14 Jul 2023 | £60,819 | £60,000 | 11 BRADY STREET |
6 Jun 2023 | £39,478 | £39,000 | 47 BRADY STREET |
24 Mar 2023 | £33,314 | £33,000 | 26 BRADY STREET |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 3 Dec 2015. Using an estimated price of £117,258 means this house is valued at £2,131 per sq meter (£198 per sq foot).
The average size of a house on NEVILLE ROAD is 70 sq meters (758 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Neville Road |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Forge Lynn Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Forge Lynn Close |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Garnet Street |
Mar 2024 | Anti-social behaviour | On or near Magdelene Place |