£119,428
This estimated value is based upon the latest sale price for the house of £95,000 on 7 Dec 2017. 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 Falmouth Square
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| Price Paid | Date |
|---|---|
| £95,000 | 7 Dec 2017 |
| £60,000 | 20 Jan 2017 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 December 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £95,000 results in an estimated price of approximately £119,428.
| 7 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £95,000 | £24,428 | £119,428 |
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 | 94.617 % | £89,886 | £184,886 |
| 3 Month Average | 15.152 % | £14,394 | £109,394 |
| 6 Month Average | 7.135 % | £6,777 | £101,777 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jun 2023 | £162,974 | £161,000 | 80 FORDFIELD ROAD |
| 23 Jun 2023 | £116,410 | £115,000 | 98 FORDHAM ROAD |
| 21 Mar 2023 | £94,894 | £94,000 | 64A GENERAL HAVELOCK ROAD |
| 10 Feb 2023 | £90,939 | £91,000 | 48 FORDHAM ROAD |
| 26 Oct 2022 | £99,924 | £101,000 | 2 FELSHAM SQUARE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 15 Sep 2016. Using an estimated price of £119,428 means this house is valued at £1,357 per sq meter (£126 per sq foot).
The average size of a house on FALKLAND ROAD is 92 sq meters (992 sq feet).
This house is the largest in the street with a floor area of 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Falmouth Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Falmouth Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Falmouth Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Falmouth Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Falmouth Square |