£355,064
This estimated value is based upon the latest sale price for the house of £231,000 on 27 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £231,000 | 27 Jun 2014 |
| Semi-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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £231,000 results in an estimated price of approximately £355,064.
| 27 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £231,000 | £124,064 | £355,064 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -49.125 % | £-113,477 | £117,522 |
| 3 Month Average | 5.462 % | £12,617 | £243,617 |
| 6 Month Average | 7.509 % | £17,345 | £248,345 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £238,481 | £234,950 | 47 CONISTON AVENUE |
| 8 Sep 2023 | £260,329 | £257,000 | 4 CONISTON AVENUE |
| 27 Mar 2023 | £142,417 | £141,075 | 23 ESTON GROVE |
| 11 Nov 2022 | £281,589 | £285,000 | 10 ESTON GROVE |
| 27 Jun 2022 | £228,225 | £225,000 | 46 CONISTON AVENUE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 1 Apr 2014. Using an estimated price of £355,064 means this house is valued at £2,795 per sq meter (£259 per sq foot).
There is one other house on the street which we know the size of, this is 3 CAIRNS SQUARE it is 114.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cairns Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Cairns Road |
| Feb 2024 | Anti-social behaviour | On or near Mill Bank | |
| Feb 2024 | Anti-social behaviour | On or near Mill Bank | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Mill Bank |