£86,583
This estimated value is based upon the latest sale price for the house of £70,000 on 10 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 10 Aug 2018 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £70,000 results in an estimated price of approximately £86,583.
| 10 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £70,000 | £16,583 | £86,583 |
The Postcode Pricing Model uses changes in average sales price within the SR1 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 | -43.639 % | £-30,547 | £39,452 |
| 3 Month Average | -21.967 % | £-15,376 | £54,623 |
| 6 Month Average | -23.052 % | £-16,136 | £53,863 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2023 | £55,599 | £55,000 | 84 RIVER VIEW LOW STREET |
| 30 Jan 2023 | £46,282 | £46,500 | 3 RIVER VIEW LOW STREET |
| 23 Nov 2022 | £44,461 | £45,000 | 8 RIVER VIEW LOW STREET |
| 3 Aug 2022 | £66,820 | £67,000 | 52 RIVER VIEW LOW STREET |
| 11 Feb 2022 | £42,996 | £41,000 | 33 RIVER VIEW LOW STREET |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 8 Jun 2018. Using an estimated price of £86,583 means this house is valued at £1,110 per sq meter (£103 per sq foot).
There is one other house on the street which we know the size of, this is 3 NESHAM TERRACE it is 70.56
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Rickaby Street |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Maddison Court |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Maddison Court |
| Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Prospect Row |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near St Johns |