£117,199
This estimated value is based upon the latest sale price for the house of £78,000 on 18 Dec 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £78,000 | 18 Dec 2014 |
| £61,500 | 20 Sep 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 December 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £78,000 results in an estimated price of approximately £117,199.
| 18 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £78,000 | £39,199 | £117,199 |
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 | 49.623 % | £38,705 | £116,705 |
| 3 Month Average | 35.791 % | £27,917 | £105,917 |
| 6 Month Average | 21.444 % | £16,726 | £94,726 |
| 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 80 sq meters or 861 sq feet when measured on 23 Jun 2021. Using an estimated price of £117,199 means this house is valued at £1,464 per sq meter (£136 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 |