£33,154
This estimated value is based upon the latest sale price for the house of £25,000 on 19 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £25,000 | 19 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.620%.Applying this 32.620% change to the original purchase price of £25,000 results in an estimated price of approximately £33,154.
| 19 Jul 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.0 | 32.620 % | £25,000 | £8,154 | £33,154 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -44.639 % | £-11,159 | £13,840 |
| 3 Month Average | 11.894 % | £2,973 | £27,973 |
| 6 Month Average | 15.074 % | £3,768 | £28,768 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £50,054 | £49,750 | 2 KIPLING STREET |
| 4 Jul 2023 | £75,716 | £75,000 | 2 SOUTH TERRACE |
| 31 Mar 2023 | £77,418 | £77,000 | 1 KINGSLEY CLOSE |
| 31 Mar 2023 | £45,245 | £45,000 | 17 KIPLING STREET |
| 31 Mar 2023 | £37,704 | £37,500 | 25 KIPLING STREET |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 3 Feb 2016. Using an estimated price of £33,155 means this house is valued at £637 per sq meter (£59 per sq foot).
The average size of a house on KIPLING STREET is 87 sq meters (936 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Kipling Street |
| Apr 2024 | Anti-social behaviour | On or near Kingsley Close | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Kingsley Close |
| Apr 2024 | Other crime | Awaiting court outcome | On or near Kingsley Close |
| Mar 2024 | Anti-social behaviour | On or near Kingsley Close |