£123,745
This estimated value is based upon the latest sale price for the house of £118,000 on 10 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£118,000 | 10 Feb 2022 |
£96,000 | 29 May 2015 |
£46,500 | 8 Feb 2002 |
£38,000 | 28 Jul 2000 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £118,000 results in an estimated price of approximately £123,745.
10 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 148.6 | 4.869 % | £118,000 | £5,745 | £123,745 |
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 | 13.409 % | £15,822 | £133,822 |
3 Month Average | -7.598 % | £-8,965 | £109,034 |
6 Month Average | -5.285 % | £-6,236 | £111,763 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £126,204 | £125,100 | 8 PRIMROSE STREET |
9 Jun 2023 | £101,226 | £100,000 | 6 VIOLET STREET |
4 Jan 2023 | £134,367 | £135,000 | 3 LABURNUM CLOSE |
13 Apr 2022 | £121,001 | £117,500 | 6 LILAC STREET |
8 Apr 2022 | £51,490 | £50,000 | 30 VIOLET STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 30 Sep 2021. Using an estimated price of £123,746 means this house is valued at £1,249 per sq meter (£116 per sq foot).
The average size of a house on LILAC STREET is 119 sq meters (1,285 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Albion Street |
Feb 2024 | Public order | Under investigation | On or near High Street |
Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near High Street |