£151,327
This estimated value is based upon the latest sale price for the house of £38,000 on 27 Jan 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £38,000 | 27 Jan 2000 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2000 the House Price Index for TYNE AND WEAR was 37.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 298.231%.Applying this 298.231% change to the original purchase price of £38,000 results in an estimated price of approximately £151,327.
| 27 Jan 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.3 | 148.6 | 298.231 % | £38,000 | £113,327 | £151,327 |
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 | 208.736 % | £79,319 | £117,319 |
| 3 Month Average | 153.932 % | £58,494 | £96,494 |
| 6 Month Average | 163.904 % | £62,283 | £100,283 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £157,007 | £155,000 | 45 BARNARD STREET |
| 10 Jul 2023 | £127,719 | £126,000 | 5 BARNARD STREET |
| 29 Jun 2023 | £127,545 | £126,000 | 35 BARNARD STREET |
| 24 Feb 2023 | £143,903 | £144,000 | 50 COLCHESTER TERRACE |
| 17 Jan 2023 | £154,273 | £155,000 | 183 CLEVELAND ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 7 Feb 2016. Using an estimated price of £151,328 means this house is valued at £2,193 per sq meter (£203 per sq foot).
The average size of a house on CLEVELAND ROAD is 125 sq meters (1,355 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Colchester Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colchester Terrace |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Colchester Terrace |
| Feb 2024 | Anti-social behaviour | On or near Wycliffe Road | |
| Feb 2024 | Anti-social behaviour | On or near Wycliffe Road |