£81,942
This estimated value is based upon the latest sale price for the house of £60,500 on 29 Apr 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£60,500 | 29 Apr 2016 |
£74,000 | 18 Apr 2008 |
Terraced |
Freehold |
Floor Area: 85 sq meters or 914 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £60,500 results in an estimated price of approximately £81,942.
29 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
109.7 | 148.6 | 35.442 % | £60,500 | £21,442 | £81,942 |
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 | -15.306 % | £-9,260 | £51,239 |
3 Month Average | 2.525 % | £1,527 | £62,027 |
6 Month Average | 1.355 % | £819 | £61,319 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £91,603 | £90,000 | 12 THOMAS STREET |
3 Nov 2023 | £96,428 | £95,000 | 45 THOMAS STREET |
2 Mar 2023 | £156,676 | £155,200 | 11 HALIFAX PLACE |
20 Jan 2023 | £119,437 | £120,000 | 3 NORTH VIEW |
18 Jan 2023 | £94,555 | £95,000 | 27 GREY TERRACE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 28 Jun 2016. Using an estimated price of £81,942 means this house is valued at £964 per sq meter (£89 per sq foot).
The average size of a house on SMITH STREET SOUTH is 93 sq meters (1,010 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Dinsdale Street South |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dinsdale Street South |
Feb 2024 | Anti-social behaviour | On or near Thomas Street | |
Feb 2024 | Anti-social behaviour | On or near Thomas Street | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Smith Street |