£125,971
This estimated value is based upon the latest sale price for the house of £36,000 on 30 Mar 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £36,000 | 30 Mar 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2001 the House Price Index for TYNE AND WEAR was 42.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 249.920%.Applying this 249.920% change to the original purchase price of £36,000 results in an estimated price of approximately £125,971.
| 30 Mar 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 148.6 | 249.920 % | £36,000 | £89,971 | £125,971 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 60.714 % | £21,857 | £57,857 |
| 3 Month Average | 234.565 % | £84,443 | £120,443 |
| 6 Month Average | 222.177 % | £79,983 | £115,983 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £94,905 | £93,500 | 8 OSWALD TERRACE WEST |
| 8 Jun 2023 | £57,699 | £57,000 | 1 OSWALD TERRACE WEST |
| 27 Jun 2022 | £370,232 | £365,000 | 1 NORTH VIEW |
| 15 Sep 2021 | £157,329 | £146,000 | 25 THE VILLAS |
| 14 Dec 2020 | £61,977 | £54,000 | 5 EAST VIEW |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 20 Aug 2013. Using an estimated price of £125,971 means this house is valued at £1,725 per sq meter (£160 per sq foot).
The average size of a house on THE VILLAS is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North View |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dene Park |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dene Park |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near East View |
| Mar 2024 | Anti-social behaviour | On or near East View |