£302,226
This estimated value is based upon the latest sale price for the house of £245,000 on 20 Dec 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 |
|---|---|
| £245,000 | 20 Dec 2018 |
| £165,000 | 7 Aug 2017 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £245,000 results in an estimated price of approximately £302,226.
| 20 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £245,000 | £57,226 | £302,226 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 21.545 % | £52,785 | £297,785 |
| 3 Month Average | 12.801 % | £31,361 | £276,361 |
| 6 Month Average | 14.675 % | £35,954 | £280,954 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £211,803 | £209,950 | 41 ST CHRISTOPHERS ROAD |
| 11 Aug 2023 | £211,853 | £210,000 | 86 NURSERY ROAD |
| 28 Jul 2023 | £202,729 | £200,000 | 12 BALDERSDALE GARDENS |
| 31 Mar 2023 | £232,188 | £230,000 | 17 NURSERY ROAD |
| 24 Jan 2023 | £223,945 | £225,000 | 83 NURSERY ROAD |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 3 May 2018. Using an estimated price of £302,227 means this house is valued at £2,379 per sq meter (£221 per sq foot).
The average size of a house on NURSERY ROAD is 106 sq meters (1,151 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Barningham Close |