£244,626
This estimated value is based upon the latest sale price for the house of £198,000 on 27 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £198,000 | 27 Jun 2019 |
| Terraced |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £198,000 results in an estimated price of approximately £244,626.
| 27 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £198,000 | £46,626 | £244,626 |
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 | 59.462 % | £117,733 | £315,733 |
| 3 Month Average | 5.617 % | £11,121 | £209,121 |
| 6 Month Average | 0.545 % | £1,079 | £199,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £134,723 | £133,000 | 4 FRINTON PARK |
| 24 Apr 2023 | £151,633 | £150,000 | 122 HURSTWOOD ROAD |
| 17 Mar 2023 | £227,140 | £225,000 | 15 DUNELM |
| 10 Nov 2022 | £249,972 | £253,000 | 15 RANSON STREET |
| 26 Oct 2022 | £247,337 | £250,000 | 3 DUNELM |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 5 Mar 2019. Using an estimated price of £244,626 means this house is valued at £1,812 per sq meter (£168 per sq foot).
The average size of a house on RICHARD AVENUE is 152 sq meters (1,638 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Mar 2024 | Public order | Awaiting court outcome | On or near Petrol Station |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |