£91,001
This estimated value is based upon the latest sale price for the house of £75,000 on 30 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£75,000 | 30 Mar 2020 |
£75,000 | 30 Mar 2020 |
£54,000 | 30 Mar 2016 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £75,000 results in an estimated price of approximately £91,001.
30 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 149.7 | 21.335 % | £75,000 | £16,001 | £91,001 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -65.951 % | £-49,463 | £25,536 |
3 Month Average | -2.165 % | £-1,623 | £73,376 |
6 Month Average | 5.750 % | £4,312 | £79,312 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Oct 2023 | £102,324 | £100,000 | 110 BURN PARK ROAD |
8 Sep 2023 | £68,510 | £67,000 | 27 GILPIN STREET |
28 Apr 2023 | £78,468 | £77,000 | 72 BURN PARK ROAD |
27 May 2022 | £114,483 | £111,500 | 102 BURN PARK ROAD |
6 Apr 2022 | £74,694 | £72,000 | 17 GILPIN STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 7 Jul 2020. Using an estimated price of £91,001 means this house is valued at £1,300 per sq meter (£120 per sq foot).
The average size of a house on BURN PARK ROAD is 87 sq meters (945 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Larch Avenue |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Linden Grove |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Leyburn Close |