£302,662
This estimated value is based upon the latest sale price for the house of £245,000 on 17 Jan 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£245,000 | 17 Jan 2019 |
£210,000 | 29 May 2018 |
Semi-Detached |
Freehold |
Floor Area: 113 sq meters or 1,216 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 January 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £245,000 results in an estimated price of approximately £302,662.
17 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.536 % | £245,000 | £57,662 | £302,662 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -21.554 % | £-52,806 | £192,193 |
3 Month Average | 9.566 % | £23,436 | £268,436 |
6 Month Average | -3.743 % | £-9,169 | £235,830 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £136,842 | £135,000 | 5 IVANHOE CRESCENT |
27 Jan 2023 | £176,170 | £177,000 | 60 OTTO TERRACE |
26 Jul 2022 | £215,580 | £215,000 | 8 THORNHOLME ROAD |
25 Jul 2022 | £171,462 | £171,000 | 19 BROAD MEADOWS |
13 May 2022 | £155,429 | £152,500 | 56 OTTO TERRACE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 3 Apr 2018. Using an estimated price of £302,662 means this house is valued at £2,678 per sq meter (£248 per sq foot).
The average size of a house on BIRCHFIELD ROAD is 110 sq meters (1,192 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Birchfield Road |
Mar 2024 | Other theft | Under investigation | On or near Birchfield Road |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Birchfield Road |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Birchfield Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Birchfield Road |