£121,872
This estimated value is based upon the latest sale price for the house of £120,000 on 26 Mar 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 26 Mar 2024 |
| £179,950 | 24 May 2023 |
| Terraced |
| 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 March 2024 the House Price Index for TYNE AND WEAR was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £120,000 results in an estimated price of approximately £121,872.
| 26 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 149.7 | 1.560 % | £120,000 | £1,872 | £121,872 |
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 | 2.160 % | £2,591 | £122,591 |
| 3 Month Average | -7.084 % | £-8,500 | £111,499 |
| 6 Month Average | -12.110 % | £-14,531 | £105,468 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Mar 2023 | £83,393 | £82,000 | 37 SIMONSIDE ROAD |
| 27 Jan 2023 | £105,281 | £105,000 | 3 SEATON ROAD |
| 16 Aug 2022 | £142,667 | £142,000 | 60 SOMERSET ROAD |
| 10 Jun 2022 | £127,730 | £125,000 | 72 SUNNINGDALE ROAD |
| 1 Jun 2022 | £127,730 | £125,000 | 23 SOMERSET SQUARE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Grindon Lane |
| Jul 2024 | Other theft | Under investigation | On or near Grindon Lane |
| Jul 2024 | Bicycle theft | Under investigation | On or near Grindon Lane |
| Jul 2024 | Anti-social behaviour | On or near Grindon Lane | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Grindon Lane |