£224,547
This estimated value is based upon the latest sale price for the house of £156,000 on 10 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £156,000 | 10 Jul 2015 |
| £89,950 | 17 Feb 1995 |
| Detached |
| Leasehold |
| Floor Area: 113 sq meters or 1,216 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 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £156,000 results in an estimated price of approximately £224,547.
| 10 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £156,000 | £68,547 | £224,547 |
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 | 28.008 % | £43,692 | £199,692 |
| 3 Month Average | 2.230 % | £3,479 | £159,479 |
| 6 Month Average | 8.464 % | £13,203 | £169,203 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £235,005 | £232,000 | 17 ESTUARY WAY |
| 18 Jul 2023 | £248,342 | £245,000 | 23 MALING PARK |
| 18 Apr 2023 | £136,469 | £135,000 | 6 CLAXHEUGH COTTAGES |
| 15 Jul 2022 | £265,715 | £265,000 | 24 MALING PARK |
| 14 Apr 2022 | £177,125 | £172,000 | 70 CLAXHEUGH ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 19 Mar 2013. Using an estimated price of £224,547 means this house is valued at £1,987 per sq meter (£184 per sq foot).
The average size of a house on MALING PARK is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Riverside Park |