£39,522
This estimated value is based upon the latest sale price for the house of £40,001 on 4 Nov 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 |
|---|---|
| £40,001 | 4 Nov 2022 |
| £37,500 | 23 Jul 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 November 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £40,001 results in an estimated price of approximately £39,522.
| 4 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £40,001 | £-478 | £39,522 |
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 | 26.595 % | £10,638 | £50,639 |
| 3 Month Average | 7.948 % | £3,179 | £43,180 |
| 6 Month Average | -2.982 % | £-1,192 | £38,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £55,000 | £55,000 | 29 VIOLET STREET |
| 3 Nov 2023 | £77,142 | £76,000 | 10 VIOLET STREET |
| 14 Apr 2023 | £80,871 | £80,000 | 6 ROSE STREET |
| 13 Jan 2023 | £72,658 | £73,000 | 8 VIOLET STREET |
| 4 Nov 2022 | £39,522 | £40,001 | 9A ATKINSONS BUILDINGS TRIMDON STREET |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 8 Jul 2016. Using an estimated price of £39,522 means this house is valued at £476 per sq meter (£44 per sq foot).
There is one other house on the street which we know the size of, this is 1A ATKINSONS BUILDINGS TRIMDON STREET it is 64.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lily Street |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Lily Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fern Street |
| Feb 2024 | Other theft | Under investigation | On or near Fern Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Alliance Place |