£177,461
This estimated value is based upon the latest sale price for the house of £102,000 on 13 May 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £102,000 | 13 May 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 903 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 May 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.982%.Applying this 73.982% change to the original purchase price of £102,000 results in an estimated price of approximately £177,461.
| 13 May 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 73.982 % | £102,000 | £75,461 | £177,461 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 74.387 % | £75,874 | £177,874 |
| 3 Month Average | 46.513 % | £47,442 | £149,442 |
| 6 Month Average | 28.948 % | £29,526 | £131,526 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £162,497 | £160,000 | 14 SOMERSET GARDENS |
| 9 Oct 2023 | £219,997 | £215,000 | 47 DORSET AVENUE |
| 4 Sep 2023 | £163,607 | £160,000 | 5 CAMBRIDGE AVENUE |
| 16 Jun 2023 | £163,272 | £160,000 | 12 DORSET AVENUE |
| 15 Jun 2023 | £140,822 | £138,000 | 383 STATION ROAD |
This house has a floor area of 83 sq meters or 903 sq feet when measured on 9 Feb 2011. Using an estimated price of £177,462 means this house is valued at £2,113 per sq meter (£196 per sq foot).
The average size of a house on SOMERSET GARDENS is 108 sq meters (1,165 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Gardens |
| Apr 2024 | Anti-social behaviour | On or near Somerset Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Somerset Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Somerset Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Somerset Gardens |