£136,290
This estimated value is based upon the latest sale price for the house of £114,000 on 5 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£114,000 | 5 Jun 2020 |
£123,000 | 23 Dec 2008 |
£65,000 | 14 Mar 2008 |
£50,000 | 1 Nov 2002 |
£43,000 | 8 Jul 1997 |
£48,000 | 15 Dec 1996 |
Terraced |
Freehold |
Floor Area: 115 sq meters or 1,237 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 June 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.553%.Applying this 19.553% change to the original purchase price of £114,000 results in an estimated price of approximately £136,290.
5 Jun 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 146.7 | 19.553 % | £114,000 | £22,290 | £136,290 |
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 | -33.527 % | £-38,220 | £75,779 |
3 Month Average | -2.905 % | £-3,311 | £110,688 |
6 Month Average | -0.633 % | £-721 | £113,278 |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 21 Jan 2020.
The average size of a house on LORNE TERRACE is 140 sq meters (1,511 sq feet).
This house is the smallest in the street with a floor area of 115 sq meters (1,237 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Lorne Terrace |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Lorne Terrace |
Mar 2024 | Burglary | Under investigation | On or near Carlyon Street |
Feb 2024 | Drugs | Under investigation | On or near Carlyon Street |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carlyon Street |