£78,368
This estimated value is based upon the latest sale price for the house of £63,000 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £63,000 | 22 Jun 2018 |
| £17,600 | 10 Feb 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £63,000 results in an estimated price of approximately £78,368.
| 22 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £63,000 | £15,368 | £78,368 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 73.936 % | £46,579 | £109,579 |
| 3 Month Average | 9.702 % | £6,112 | £69,112 |
| 6 Month Average | 11.418 % | £7,193 | £70,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £122,137 | £120,000 | 73 CRICKLEWOOD ROAD |
| 30 Nov 2023 | £71,052 | £70,000 | 129 CHELTENHAM ROAD |
| 13 Mar 2023 | £79,247 | £78,500 | 14 CORINTHIAN SQUARE |
| 27 Jan 2023 | £83,606 | £84,000 | 14 CORFU ROAD |
| 21 Apr 2022 | £100,920 | £98,000 | 117 CHELTENHAM ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 19 Jan 2015. Using an estimated price of £78,368 means this house is valued at £1,169 per sq meter (£108 per sq foot).
There is one other house on the street which we know the size of, this is 5 CHELTENHAM SQUARE it is 64.4
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cheltenham Square |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cheltenham Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cheltenham Square |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cheltenham Square |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Cheltenham Square |