£408,283
This estimated value is based upon the latest sale price for the house of £295,000 on 4 Dec 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £295,000 | 4 Dec 2015 |
| £180,000 | 27 Mar 2003 |
| £128,000 | 19 Jul 1996 |
| Detached |
| Freehold |
| Floor Area: 196 sq meters or 2,109 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 2015 the House Price Index for TYNE AND WEAR was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £295,000 results in an estimated price of approximately £408,283.
| 4 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £295,000 | £113,283 | £408,283 |
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 | 18.406 % | £54,298 | £349,298 |
| 3 Month Average | 4.863 % | £14,346 | £309,346 |
| 6 Month Average | 7.272 % | £21,453 | £316,453 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £131,954 | £130,000 | 41 MAYFIELD ROAD |
| 29 Sep 2023 | £102,055 | £100,750 | 29 EVESHAM |
| 29 Sep 2023 | £121,554 | £120,000 | 26 FAIRMEAD WAY |
| 10 Aug 2023 | £131,147 | £130,000 | 31 FAIRMEAD WAY |
| 6 Apr 2023 | £109,176 | £108,000 | 1 AVONDALE |
This house has a floor area of 196 sq meters or 2,109 sq feet when measured on 8 Oct 2015. Using an estimated price of £408,284 means this house is valued at £2,083 per sq meter (£193 per sq foot).
The average size of a house on OFFERTON is 196 sq meters (2,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near The Granaries | |
| Mar 2024 | Anti-social behaviour | On or near The Granaries | |
| Feb 2024 | Possession of weapons | Under investigation | On or near Parking Area |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Parking Area |