£142,623
This estimated value is based upon the latest sale price for the house of £97,000 on 1 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £97,000 | 1 May 2015 |
| £90,000 | 22 Sep 2006 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £97,000 results in an estimated price of approximately £142,623.
| 1 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £97,000 | £45,623 | £142,623 |
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 | 13.298 % | £12,898 | £109,898 |
| 3 Month Average | 18.785 % | £18,221 | £115,221 |
| 6 Month Average | 12.550 % | £12,173 | £109,173 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £71,500 | £71,500 | 4 PREMIER ROAD |
| 19 Mar 2024 | £80,741 | £79,500 | 7 POLWORTH SQUARE |
| 15 Mar 2024 | £105,623 | £104,000 | 14 POWIS ROAD |
| 19 Dec 2023 | £90,274 | £87,500 | 1 PAISLEY SQUARE |
| 17 Nov 2023 | £97,474 | £95,000 | 44 PREMIER ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 26 Sep 2014. Using an estimated price of £142,623 means this house is valued at £1,760 per sq meter (£163 per sq foot).
The average size of a house on PREMIER ROAD is 90 sq meters (976 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Polmuir Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Polmuir Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Polmuir Road |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Powis Road |
| Oct 2024 | Other theft | Under investigation | On or near Powis Road |