£472
This estimated value is based upon the latest sale price for the house of £420 on 25 Aug 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£420 | 25 Aug 2021 |
£155,000 | 3 Apr 2018 |
Freehold |
Floor Area: 62 sq meters or 667 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 August 2021 the House Price Index for TYNE AND WEAR was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £420 results in an estimated price of approximately £472.
25 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
133.2 | 149.7 | 12.387 % | £420 | £52 | £472 |
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 | 31.518 % | £132 | £552 |
3 Month Average | 11.590 % | £48 | £468 |
6 Month Average | 1.654 % | £6 | £426 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 May 2024 | £164,000 | £164,000 | 3 CORRY COURT |
6 Mar 2024 | £283,353 | £279,000 | 18 WOODLAND DRIVE |
27 Feb 2023 | £226,513 | £225,000 | 33 SOUTHMAYNE ROAD |
10 Jun 2022 | £211,521 | £207,000 | 58 KILLINGWORTH DRIVE |
22 Feb 2022 | £242,985 | £230,000 | 24 CANBERRA ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 15 Feb 2017. Using an estimated price of £472 means this house is valued at £7 per sq meter (£0 per sq foot).
The average size of a house on FAIRLAWN GARDENS is 79 sq meters (851 sq feet).
This house is the smallest in the street with a floor area of 62 sq meters (667 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fairlawn Gardens |
May 2024 | Anti-social behaviour | On or near Killingworth Drive | |
May 2024 | Anti-social behaviour | On or near Killingworth Drive | |
May 2024 | Anti-social behaviour | On or near Killingworth Drive | |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wavendon Crescent |