£47,673
This estimated value is based upon the latest sale price for the house of £47,000 on 13 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Sussex Street
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Price Paid | Date |
---|---|
£47,000 | 13 Jun 2022 |
£68,000 | 4 Sep 2008 |
£58,000 | 21 Jun 2007 |
£39,950 | 17 Jan 2003 |
Terraced |
Freehold |
Floor Area: 62 sq meters or 667 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 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £47,000 results in an estimated price of approximately £47,673.
13 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.5 | 148.6 | 1.433 % | £47,000 | £673 | £47,673 |
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 | -1.717 % | £-807 | £46,192 |
3 Month Average | 17.291 % | £8,126 | £55,126 |
6 Month Average | -0.451 % | £-211 | £46,788 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £65,977 | £65,000 | 60 SOMERSET COTTAGES |
12 Sep 2023 | £55,712 | £55,000 | 62 SOMERSET COTTAGES |
1 Sep 2023 | £81,036 | £80,000 | 17 SOMERSET STREET |
23 Aug 2023 | £49,432 | £49,000 | 18 SOMERSET COTTAGES |
19 Jul 2023 | £35,477 | £35,000 | 12 WARWICK TERRACE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 4 Jul 2014. Using an estimated price of £47,674 means this house is valued at £768 per sq meter (£71 per sq foot).
The average size of a house on SOMERSET COTTAGES is 95 sq meters (1,030 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Sussex Street |
Mar 2024 | Anti-social behaviour | On or near Sussex Street | |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sussex Street |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Sussex Street |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Sussex Street |