£143,473
This estimated value is based upon the latest sale price for the house of £116,995 on 25 Oct 2019. 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 Field Square
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| Price Paid | Date |
|---|---|
| £116,995 | 25 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £116,995 results in an estimated price of approximately £143,473.
| 25 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £116,995 | £26,478 | £143,473 |
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 | 50.809 % | £59,444 | £176,439 |
| 3 Month Average | 1.519 % | £1,777 | £118,772 |
| 6 Month Average | 8.457 % | £9,894 | £126,889 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £138,551 | £136,500 | 151 FORDFIELD ROAD |
| 22 Aug 2023 | £131,147 | £130,000 | 153 FORDFIELD ROAD |
| 3 Jul 2023 | £131,768 | £129,995 | 68 FOREST ROAD |
| 25 Feb 2022 | £136,330 | £130,000 | 73 FOREST ROAD |
| 17 Dec 2021 | £171,420 | £160,000 | 133 FORDFIELD ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 6 Oct 2021. Using an estimated price of £143,474 means this house is valued at £2,391 per sq meter (£222 per sq foot).
The average size of a house on FRIAR ROAD is 81 sq meters (871 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Field Square |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Field Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Flodden Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Flodden Road |
| Mar 2024 | Public order | Under investigation | On or near Flodden Road |