£206,743
This estimated value is based upon the latest sale price for the house of £132,000 on 19 Oct 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £132,000 | 19 Oct 2007 |
| £120,000 | 30 Sep 2005 |
| £81,950 | 17 May 2002 |
| Terraced |
| Freehold |
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 2007 the House Price Index for TYNE AND WEAR was 95.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.624%.Applying this 56.624% change to the original purchase price of £132,000 results in an estimated price of approximately £206,743.
| 19 Oct 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 149.7 | 56.624 % | £132,000 | £74,743 | £206,743 |
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 | 5.951 % | £7,855 | £139,855 |
| 3 Month Average | -4.821 % | £-6,363 | £125,636 |
| 6 Month Average | 4.266 % | £5,631 | £137,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £154,755 | £150,000 | 54 WEARHEAD DRIVE |
| 8 Dec 2023 | £159,914 | £155,000 | 66 WEARHEAD DRIVE |
| 16 Jun 2023 | £120,413 | £118,000 | 42 WEARHEAD DRIVE |
| 14 Oct 2022 | £114,617 | £115,000 | 47 WEARHEAD DRIVE |
| 1 Jul 2022 | £86,365 | £85,500 | 29 WEARHEAD DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Under investigation | On or near Cedric Crescent |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Cedric Crescent |
| Jul 2024 | Anti-social behaviour | On or near Cedric Crescent | |
| Jul 2024 | Anti-social behaviour | On or near Cedric Crescent | |
| Jul 2024 | Anti-social behaviour | On or near Cedric Crescent |