£111,972
This estimated value is based upon the latest sale price for the house of £111,000 on 26 Apr 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £111,000 | 26 Apr 2024 |
| £92,500 | 18 Aug 2020 |
| £78,000 | 8 May 2015 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2024 the House Price Index for TYNE AND WEAR was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £111,000 results in an estimated price of approximately £111,972.
| 26 Apr 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £111,000 | £972 | £111,972 |
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 | -2.382 % | £-2,643 | £108,356 |
| 3 Month Average | 2.062 % | £2,289 | £113,289 |
| 6 Month Average | 6.813 % | £7,562 | £118,562 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £111,972 | £111,000 | 12 FERNVILLE STREET |
| 4 Dec 2023 | £113,487 | £110,000 | 16 FERNVILLE STREET |
| 21 Aug 2023 | £93,690 | £92,000 | 3 VALE STREET |
| 29 Jun 2023 | £125,515 | £123,000 | 20 FERNVILLE STREET |
| 2 Jun 2023 | £91,840 | £90,000 | 12 VALE STREET |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 Mar 2018. Using an estimated price of £111,972 means this house is valued at £1,230 per sq meter (£114 per sq foot).
The average size of a house on FERNVILLE STREET is 120 sq meters (1,297 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Burnville Road South | |
| Aug 2024 | Anti-social behaviour | On or near Burnville Road South | |
| Aug 2024 | Anti-social behaviour | On or near Burnville Road South | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Burnville Road South |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burnville Road South |