£438
This estimated value is based upon the latest sale price for the house of £355 on 7 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £355 | 7 Sep 2018 |
| £117,500 | 6 Oct 2017 |
| £55,000 | 26 Mar 1999 |
| Freehold |
| Floor Area: 78 sq meters or 840 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 September 2018 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 23.487%.Applying this 23.487% change to the original purchase price of £355 results in an estimated price of approximately £438.
| 7 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £355 | £83 | £438 |
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 | 34.325 % | £121 | £476 |
| 3 Month Average | 17.575 % | £62 | £417 |
| 6 Month Average | 9.033 % | £32 | £387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £116,728 | £115,000 | 16 FORDLAND PLACE |
| 20 Sep 2023 | £109,905 | £108,500 | 15 WESTWOOD STREET |
| 16 Aug 2023 | £164,439 | £163,000 | 27 FERNDENE CRESCENT |
| 9 Jun 2023 | £131,594 | £130,000 | 42 FERNDENE CRESCENT |
| 13 Apr 2023 | £96,034 | £95,000 | 8 FORDLAND PLACE |
This house has a floor area of 78 sq meters or 840 sq feet when measured on 15 Jul 2010. Using an estimated price of £438 means this house is valued at £5 per sq meter (£0 per sq foot).
The average size of a house on FERNDENE CRESCENT is 102 sq meters (1,100 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Westwood Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Ferndene Crescent |
| Mar 2024 | Burglary | Under investigation | On or near Arlington Street |
| Feb 2024 | Drugs | Under investigation | On or near Tamerton Street |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Tamerton Street |