£37,389
This estimated value is based upon the latest sale price for the house of £32,250 on 9 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 |
|---|---|
| £32,250 | 9 Nov 2020 |
| Freehold |
| Floor Area: 61 sq meters or 656 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £32,250 results in an estimated price of approximately £37,389.
| 9 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £32,250 | £5,139 | £37,389 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 17.732 % | £5,718 | £37,968 |
| 3 Month Average | 1.479 % | £476 | £32,726 |
| 6 Month Average | 3.049 % | £983 | £33,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £50,890 | £50,000 | 11 FERNDALE TERRACE |
| 15 Aug 2023 | £75,662 | £75,000 | 23 COSSACK TERRACE |
| 11 Apr 2023 | £65,707 | £65,000 | 14 MERLE TERRACE |
| 1 Feb 2023 | £79,946 | £80,000 | 10 PALERMO STREET |
| 29 Jun 2022 | £50,717 | £50,000 | 13A LYNDHURST TERRACE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 10 Sep 2020. Using an estimated price of £37,389 means this house is valued at £612 per sq meter (£56 per sq foot).
The average size of a house on FERNDALE TERRACE is 78 sq meters (844 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Waverley Terrace |
| Mar 2024 | Public order | Under investigation | On or near Waverley Terrace |
| Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Waverley Terrace |
| Feb 2024 | Public order | Under investigation | On or near Waverley Terrace |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Waverley Terrace |