£141,112
This estimated value is based upon the latest sale price for the house of £84,950 on 4 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £84,950 | 4 Jul 2013 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 601 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £84,950 results in an estimated price of approximately £141,112.
| 4 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £84,950 | £56,162 | £141,112 |
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 | 35.329 % | £30,011 | £114,961 |
| 3 Month Average | 7.767 % | £6,598 | £91,548 |
| 6 Month Average | 9.489 % | £8,060 | £93,010 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £64,708 | £63,750 | 55 KITCHENER STREET |
| 7 Nov 2023 | £106,578 | £105,000 | 236 CLEVELAND ROAD |
| 15 Sep 2023 | £207,655 | £205,000 | 188 MOUNT ROAD |
| 9 Aug 2023 | £197,730 | £196,000 | 121 MOUNT ROAD |
| 14 Apr 2023 | £237,558 | £235,000 | 119 MOUNT ROAD |
This house has a floor area of 55 sq meters or 601 sq feet when measured on 29 Feb 2012. Using an estimated price of £141,112 means this house is valued at £2,524 per sq meter (£234 per sq foot).
The average size of a house on KITCHENER STREET is 69 sq meters (752 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kitchener Street |
| Feb 2024 | Anti-social behaviour | On or near Kitchener Street | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Kitchener Street |
| Feb 2024 | Anti-social behaviour | On or near Kitchener Street | |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Kitchener Street |