£281,327
This estimated value is based upon the latest sale price for the house of £193,950 on 24 Apr 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £193,950 | 24 Apr 2015 |
| Semi-Detached |
| Leasehold |
| Floor Area: 102 sq meters or 1,097 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 April 2015 the House Price Index for TYNE AND WEAR was 101.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 45.052%.Applying this 45.052% change to the original purchase price of £193,950 results in an estimated price of approximately £281,327.
| 24 Apr 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 146.7 | 45.052 % | £193,950 | £87,377 | £281,327 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -24.235 % | £-47,002 | £146,947 |
| 3 Month Average | -2.454 % | £-4,759 | £189,190 |
| 6 Month Average | -3.659 % | £-7,096 | £186,853 |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 14 Aug 2015.
The average size of a house on LAMBOURNE ROAD is 133 sq meters (1,431 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fairholme Road |
| Feb 2024 | Public order | Under investigation | On or near Tunstall Park |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Tunstall Park |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tunstall Park |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Tunstall Park |