£251,375
This estimated value is based upon the latest sale price for the house of £190,000 on 16 Sep 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Summerhill
More crime details
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| Price Paid | Date |
|---|---|
| £190,000 | 16 Sep 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 171 sq meters or 1,840 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 September 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.303%.Applying this 32.303% change to the original purchase price of £190,000 results in an estimated price of approximately £251,375.
| 16 Sep 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.0 | 32.303 % | £190,000 | £61,375 | £251,375 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | -16.209 % | £-30,796 | £159,203 |
| 3 Month Average | 17.307 % | £32,883 | £222,883 |
| 6 Month Average | 8.943 % | £16,991 | £206,991 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £207,666 | £205,000 | 55 SUMMERHILL |
| 13 Jul 2023 | £406,344 | £402,500 | 12 CAREEN CRESCENT |
| 29 Mar 2023 | £346,875 | £345,000 | 9 FOXCOVER LANE |
| 21 Mar 2022 | £262,148 | £254,000 | 10 ST CHADS CRESCENT |
| 12 Jan 2022 | £230,595 | £220,000 | 2 FOXCOVER LANE |
This house has a floor area of 171 sq meters or 1,840 sq feet when measured on 14 Sep 2016. Using an estimated price of £251,375 means this house is valued at £1,470 per sq meter (£136 per sq foot).
The average size of a house on HILLCREST is 141 sq meters (1,525 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Summerhill |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Summerhill |
| Apr 2024 | Drugs | Awaiting court outcome | On or near Hillview |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Hillview |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Hillview |