£278,654
This estimated value is based upon the latest sale price for the house of £207,500 on 13 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£207,500 | 13 May 2016 |
£193,000 | 29 Feb 2008 |
£104,000 | 26 Nov 2002 |
Terraced |
Freehold |
Floor Area: 198 sq meters or 2,131 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 May 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £207,500 results in an estimated price of approximately £278,654.
13 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 148.6 | 34.292 % | £207,500 | £71,154 | £278,654 |
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 | 31.628 % | £65,628 | £273,128 |
3 Month Average | 9.967 % | £20,682 | £228,182 |
6 Month Average | 13.055 % | £27,088 | £234,588 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Jun 2023 | £116,410 | £115,000 | 8 KITCHENER STREET |
22 Mar 2023 | £65,618 | £65,000 | 23 KITCHENER STREET |
17 Jan 2023 | £154,273 | £155,000 | 183 CLEVELAND ROAD |
6 Jan 2023 | £156,762 | £157,500 | 72 COLCHESTER TERRACE |
27 May 2022 | £173,214 | £169,950 | 105 MOUNT ROAD |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 25 Jul 2016. Using an estimated price of £278,655 means this house is valued at £1,407 per sq meter (£130 per sq foot).
The average size of a house on COLCHESTER TERRACE is 113 sq meters (1,226 sq feet).
This house is the largest in the street with a floor area of 198 sq meters (2,131 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Wycliffe Road | |
Feb 2024 | Anti-social behaviour | On or near Wycliffe Road | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Barnes View |
Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Barnes View |
Jan 2024 | Public order | Under investigation | On or near Barnes View |