£57,142
This estimated value is based upon the latest sale price for the house of £55,000 on 24 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 24 Jan 2022 |
| £57,000 | 26 Jun 2007 |
| £40,333 | 13 Dec 2006 |
| Terraced |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.895%.Applying this 3.895% change to the original purchase price of £55,000 results in an estimated price of approximately £57,142.
| 24 Jan 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 146.7 | 3.895 % | £55,000 | £2,142 | £57,142 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 2.005 % | £1,102 | £56,102 |
| 3 Month Average | 13.291 % | £7,309 | £62,309 |
| 6 Month Average | 1.933 % | £1,063 | £56,063 |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 30 Nov 2021.
The average size of a house on TOWNSEND SQUARE is 60 sq meters (653 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Townsend Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Munslow Road |