£49,334
This estimated value is based upon the latest sale price for the house of £40,000 on 17 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £40,000 | 17 Jul 2019 |
| Terraced |
| 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £40,000 results in an estimated price of approximately £49,334.
| 17 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £40,000 | £9,334 | £49,334 |
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 | 42.021 % | £16,808 | £56,808 |
| 3 Month Average | 23.743 % | £9,497 | £49,497 |
| 6 Month Average | 6.303 % | £2,521 | £42,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £49,668 | £49,000 | 11 RIDLEY STREET |
| 4 Jul 2023 | £76,023 | £75,000 | 2 SOUTH TERRACE |
| 27 Jan 2023 | £121,428 | £122,000 | 93 THOMPSON ROAD |
| 25 Jan 2023 | £522,539 | £525,000 | 16 SHAKESPEARE STREET |
| 11 Nov 2022 | £87,935 | £89,000 | 6 SOUTH TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Church Street |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Anti-social behaviour | On or near Collingwood Street | |
| Mar 2024 | Public order | Awaiting court outcome | On or near Collingwood Street |