£112,451
This estimated value is based upon the latest sale price for the house of £90,000 on 9 Feb 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 |
|---|---|
| £90,000 | 9 Feb 2018 |
| £64,000 | 24 Feb 2014 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £90,000 results in an estimated price of approximately £112,451.
| 9 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £90,000 | £22,451 | £112,451 |
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 | 80.712 % | £72,640 | £162,640 |
| 3 Month Average | 28.529 % | £25,676 | £115,676 |
| 6 Month Average | 18.445 % | £16,600 | £106,600 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £91,352 | £90,000 | 7 ERITH TERRACE |
| 29 Sep 2023 | £87,367 | £86,250 | 21 ERITH TERRACE |
| 15 Sep 2023 | £135,229 | £133,500 | 11 BROOKLAND ROAD |
| 25 Aug 2023 | £102,900 | £102,000 | 20 ERITH TERRACE |
| 7 Aug 2023 | £107,944 | £107,000 | 11 HIGHFIELD PLACE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 Aug 2017. Using an estimated price of £112,451 means this house is valued at £1,561 per sq meter (£145 per sq foot).
The average size of a house on ERITH TERRACE is 87 sq meters (945 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Erith Terrace |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Erith Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bexley Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bexley Street |
| Mar 2024 | Other theft | Under investigation | On or near Bexley Street |