£95,081
This estimated value is based upon the latest sale price for the house of £90,000 on 11 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 |
|---|---|
| £90,000 | 11 Feb 2022 |
| £69,000 | 1 Nov 2019 |
| £79,950 | 29 Nov 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £90,000 results in an estimated price of approximately £95,081.
| 11 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £90,000 | £5,081 | £95,081 |
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 | 57.959 % | £52,162 | £142,162 |
| 3 Month Average | 12.357 % | £11,121 | £101,121 |
| 6 Month Average | -3.628 % | £-3,264 | £86,735 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £93,885 | £91,000 | 6 RAVENSWOOD SQUARE |
| 27 Oct 2023 | £97,208 | £95,000 | 2 RUTHERFORD ROAD |
| 30 Aug 2023 | £101,837 | £100,000 | 4 RAVENSWOOD ROAD |
| 9 Feb 2023 | £75,504 | £75,000 | 7 RAVENSWOOD ROAD |
| 31 Jan 2023 | £90,241 | £90,000 | 15 RAVENSWOOD ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 7 Sep 2021. Using an estimated price of £95,081 means this house is valued at £1,462 per sq meter (£135 per sq foot).
The average size of a house on RAVENSWOOD ROAD is 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ravenswood Road |
| Sep 2024 | Anti-social behaviour | On or near Ravenswood Road | |
| Sep 2024 | Anti-social behaviour | On or near Ravenswood Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ravenswood Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ravenswood Road |