£137,699
This estimated value is based upon the latest sale price for the house of £75,000 on 17 Oct 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 17 Oct 2005 |
| £64,950 | 3 Jan 2005 |
| £19,000 | 15 Sep 2000 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 October 2005 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 83.599%.Applying this 83.599% change to the original purchase price of £75,000 results in an estimated price of approximately £137,699.
| 17 Oct 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 149.7 | 83.599 % | £75,000 | £62,699 | £137,699 |
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 | -1.055 % | £-791 | £74,208 |
| 3 Month Average | -2.319 % | £-1,738 | £73,261 |
| 6 Month Average | 11.178 % | £8,383 | £83,383 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 May 2024 | £75,000 | £75,000 | 16 MILLBURN STREET |
| 14 Mar 2024 | £60,936 | £60,000 | 27 RAVENSWORTH STREET |
| 18 Dec 2023 | £51,585 | £50,000 | 30 MILLBURN STREET |
| 2 Oct 2023 | £35,813 | £35,000 | 13 MILLBURN STREET |
| 11 Sep 2023 | £94,074 | £92,000 | 60 RAVENSWORTH STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 11 Jun 2014. Using an estimated price of £137,700 means this house is valued at £2,868 per sq meter (£266 per sq foot).
The average size of a house on MILBURN STREET is 67 sq meters (723 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Millburn Street | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Marguerite Court |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marguerite Court |
| Jul 2024 | Anti-social behaviour | On or near Marguerite Court | |
| Jul 2024 | Anti-social behaviour | On or near Marguerite Court |