£137,987
This estimated value is based upon the latest sale price for the house of £87,950 on 10 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £87,950 | 10 Aug 2007 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 755 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 August 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £87,950 results in an estimated price of approximately £137,987.
| 10 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 148.6 | 56.893 % | £87,950 | £50,037 | £137,987 |
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 | 12.023 % | £10,574 | £98,524 |
| 3 Month Average | -5.377 % | £-4,728 | £83,221 |
| 6 Month Average | -2.905 % | £-2,554 | £85,395 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £131,768 | £129,995 | 68 FOREST ROAD |
| 21 Feb 2023 | £81,945 | £82,000 | 56 FRIAR ROAD |
| 16 Jan 2023 | £169,203 | £170,000 | 15 FELIXSTOWE ROAD |
| 7 Sep 2022 | £87,295 | £88,000 | 46 FRONT ROAD |
| 1 Sep 2022 | £94,239 | £95,000 | 433 HYLTON ROAD |
This house has a floor area of 70 sq meters or 755 sq feet when measured on 6 Sep 2011. Using an estimated price of £137,987 means this house is valued at £1,966 per sq meter (£182 per sq foot).
The average size of a house on FORDFIELD ROAD is 77 sq meters (836 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Friar Road |
| Jan 2024 | Anti-social behaviour | On or near Friar Road | |
| Jan 2024 | Anti-social behaviour | On or near Friar Road | |
| Jan 2024 | Anti-social behaviour | On or near Friar Road | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Priestman Court |