£345,863
This estimated value is based upon the latest sale price for the house of £262,500 on 25 Nov 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 |
|---|---|
| £262,500 | 25 Nov 2016 |
| Freehold |
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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £262,500 results in an estimated price of approximately £345,863.
| 25 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £262,500 | £83,363 | £345,863 |
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 | 28.446 % | £74,670 | £337,170 |
| 3 Month Average | 15.642 % | £41,061 | £303,561 |
| 6 Month Average | 14.404 % | £37,809 | £300,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £71,001 | £69,950 | 34 FRANKLIN STREET |
| 27 Sep 2023 | £118,515 | £117,000 | 19 CROMWELL STREET |
| 10 Jul 2023 | £101,314 | £99,950 | 20 JOHN CANDLISH ROAD |
| 6 Mar 2023 | £113,570 | £112,500 | 163 HYLTON ROAD |
| 24 Nov 2022 | £6,175 | £6,250 | STUDYROOM 3 180 HYLTON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cromwell Street |
| Mar 2024 | Anti-social behaviour | On or near Cromwell Street | |
| Mar 2024 | Bicycle theft | Under investigation | On or near Cromwell Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cromwell Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Aiskell Street |