£70,511
This estimated value is based upon the latest sale price for the house of £67,000 on 21 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£67,000 | 21 Jan 2022 |
£55,000 | 28 Jun 2002 |
£41,950 | 19 Feb 1999 |
£39,500 | 21 Apr 1997 |
Terraced |
Freehold |
Floor Area: 58 sq meters or 624 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £67,000 results in an estimated price of approximately £70,511.
21 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 148.6 | 5.241 % | £67,000 | £3,511 | £70,511 |
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 | 4.216 % | £2,824 | £69,824 |
3 Month Average | -8.083 % | £-5,415 | £61,584 |
6 Month Average | -4.399 % | £-2,947 | £64,052 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £64,708 | £63,750 | 55 KITCHENER STREET |
7 Nov 2023 | £106,578 | £105,000 | 236 CLEVELAND ROAD |
15 Sep 2023 | £207,655 | £205,000 | 188 MOUNT ROAD |
9 Aug 2023 | £197,730 | £196,000 | 121 MOUNT ROAD |
14 Apr 2023 | £237,558 | £235,000 | 119 MOUNT ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 9 Mar 2015. Using an estimated price of £70,511 means this house is valued at £1,215 per sq meter (£112 per sq foot).
The average size of a house on KITCHENER STREET is 69 sq meters (752 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kitchener Street |
Feb 2024 | Anti-social behaviour | On or near Kitchener Street | |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Kitchener Street |
Feb 2024 | Anti-social behaviour | On or near Kitchener Street | |
Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Kitchener Street |