£49,009
This estimated value is based upon the latest sale price for the house of £39,950 on 13 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Offerton Street
More crime details
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| Price Paid | Date |
|---|---|
| £39,950 | 13 Dec 2019 |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £39,950 results in an estimated price of approximately £49,009.
| 13 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £39,950 | £9,059 | £49,009 |
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 | 7.910 % | £3,160 | £43,110 |
| 3 Month Average | 9.010 % | £3,599 | £43,549 |
| 6 Month Average | 8.499 % | £3,395 | £43,345 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2022 | £101,433 | £100,000 | 166 CHESTER ROAD |
| 11 Mar 2022 | £104,662 | £101,000 | 35 LUMLEY STREET |
| 25 Feb 2022 | £58,727 | £56,000 | 1A OFFERTON STREET |
| 14 Jan 2022 | £84,193 | £80,000 | 43 PENSHER STREET |
| 5 Oct 2021 | £66,389 | £60,000 | 33 OFFERTON STREET |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 9 Aug 2019. Using an estimated price of £49,009 means this house is valued at £515 per sq meter (£47 per sq foot).
The average size of a house on OFFERTON STREET is 79 sq meters (850 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Offerton Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Offerton Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Offerton Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Offerton Street |
| Mar 2024 | Other crime | Under investigation | On or near Pensher Street |