£483,127
This estimated value is based upon the latest sale price for the house of £475,000 on 3 May 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £475,000 | 3 May 2023 |
| £355,000 | 21 Nov 2008 |
| £145,000 | 17 Jul 2000 |
| Semi-Detached |
| Freehold |
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 May 2023 the House Price Index for TYNE AND WEAR was 146.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.711%.Applying this 1.711% change to the original purchase price of £475,000 results in an estimated price of approximately £483,127.
| 3 May 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.6 | 1.711 % | £475,000 | £8,127 | £483,127 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -60.068 % | £-285,323 | £189,676 |
| 3 Month Average | -1.259 % | £-5,979 | £469,020 |
| 6 Month Average | -1.714 % | £-8,143 | £466,856 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £431,387 | £425,000 | SHARPLEY MANOR |
| 2 Jun 2023 | £212,575 | £210,000 | 4 PERRYCROFTS |
| 31 Mar 2023 | £206,950 | £205,000 | 17 PERRYCROFTS |
| 31 May 2022 | £6,115 | £6,000 | 1 SHERINGHAM CLOSE |
| 27 Aug 2021 | £295,582 | £264,950 | 28 CRAIGWELL DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Hangmans Lane |
| Mar 2024 | Vehicle crime | Under investigation | On or near Hangmans Lane |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hangmans Lane |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hangmans Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hangmans Lane |