£49,568
This estimated value is based upon the latest sale price for the house of £39,999 on 27 Jul 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 |
---|---|
£39,999 | 27 Jul 2018 |
Terraced |
Freehold |
Floor Area: 63 sq meters or 678 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 July 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £39,999 results in an estimated price of approximately £49,568.
27 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.9 | 148.6 | 23.926 % | £39,999 | £9,569 | £49,568 |
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 | 54.671 % | £21,867 | £61,866 |
3 Month Average | 3.765 % | £1,506 | £41,505 |
6 Month Average | 12.413 % | £4,965 | £44,964 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Sep 2023 | £93,192 | £92,000 | 60 RAVENSWORTH STREET |
20 Jul 2023 | £32,437 | £32,000 | 3 MILLBURN STREET |
6 Apr 2023 | £49,533 | £49,000 | 77 MILLBURN STREET |
31 Aug 2022 | £86,268 | £86,500 | 59 RAVENSWORTH STREET |
12 Aug 2022 | £74,799 | £75,000 | 64 MILLBURN STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 5 Feb 2018. Using an estimated price of £49,569 means this house is valued at £786 per sq meter (£73 per sq foot).
The average size of a house on MILLBURN STREET is 120 sq meters (1,297 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Marguerite Court |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marguerite Court |
Mar 2024 | Public order | Under investigation | On or near St Mark'S Terrace |
Jan 2024 | Public order | Investigation complete; no suspect identified | On or near St Mark'S Terrace |