£138,706
This estimated value is based upon the latest sale price for the house of £29,950 on 23 Oct 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £29,950 | 23 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.127%.Applying this 363.127% change to the original purchase price of £29,950 results in an estimated price of approximately £138,706.
| 23 Oct 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.127 % | £29,950 | £108,756 | £138,706 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 56.967 % | £17,061 | £47,011 |
| 3 Month Average | 215.582 % | £64,566 | £94,516 |
| 6 Month Average | 204.193 % | £61,155 | £91,105 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £122,086 | £119,950 | 139 FERRYBOAT LANE |
| 26 Sep 2023 | £89,140 | £88,000 | 9 CULLERCOATS ROAD |
| 7 Jul 2023 | £99,337 | £98,000 | 12 CLACTON ROAD |
| 17 Feb 2023 | £101,931 | £102,000 | 38 CULLERCOATS ROAD |
| 28 Sep 2022 | £1,884,268 | £1,899,484 | TOWN CENTRE GARAGE FERRYBOAT LANE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 14 May 2015. Using an estimated price of £138,706 means this house is valued at £1,778 per sq meter (£165 per sq foot).
There is one other house on the street which we know the size of, this is 5 CALAIS ROAD it is 51.9
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cullercoats Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colombo Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colombo Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colombo Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Caspian Square |