£315,167
This estimated value is based upon the latest sale price for the house of £272,950 on 20 Nov 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 |
|---|---|
| £272,950 | 20 Nov 2020 |
| Detached |
| 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £272,950 results in an estimated price of approximately £315,167.
| 20 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £272,950 | £42,217 | £315,167 |
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 | 16.575 % | £45,240 | £318,190 |
| 3 Month Average | 20.372 % | £55,604 | £328,554 |
| 6 Month Average | 6.255 % | £17,071 | £290,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £76,621 | £76,000 | 5 MILRIG CLOSE |
| 5 Apr 2023 | £72,539 | £72,000 | 4 MILRIG CLOSE |
| 15 Feb 2023 | £69,670 | £70,000 | 16 MILRIG CLOSE |
| 6 Feb 2023 | £50,760 | £51,000 | 18 MILRIG CLOSE |
| 14 Oct 2022 | £48,282 | £49,000 | 8 MILRIG CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Buckthorn Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Buckthorn Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Buckthorn Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Buckthorn Gardens |
| Jan 2024 | Other crime | Under investigation | On or near Buckthorn Gardens |