£79,267
This estimated value is based upon the latest sale price for the house of £27,000 on 2 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Warwick Terrace
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| Price Paid | Date |
|---|---|
| £27,000 | 2 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 46 sq meters or 496 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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 193.585%.Applying this 193.585% change to the original purchase price of £27,000 results in an estimated price of approximately £79,267.
| 2 May 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 149.7 | 193.585 % | £27,000 | £52,267 | £79,267 |
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 | 250.293 % | £67,579 | £94,579 |
| 3 Month Average | 152.258 % | £41,109 | £68,109 |
| 6 Month Average | 135.128 % | £36,484 | £63,484 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2024 | £86,000 | £86,000 | 27 SOMERSET STREET |
| 18 Dec 2023 | £70,156 | £68,000 | 17 WESTGATE AVENUE |
| 26 Oct 2023 | £81,859 | £80,000 | 58 SOMERSET COTTAGES |
| 12 Sep 2023 | £56,240 | £55,000 | 62 SOMERSET COTTAGES |
| 23 Aug 2023 | £49,900 | £49,000 | 18 SOMERSET COTTAGES |
This house has a floor area of 46 sq meters or 496 sq feet when measured on 26 May 2011. Using an estimated price of £79,268 means this house is valued at £1,716 per sq meter (£159 per sq foot).
The average size of a house on WARWICK TERRACE is 91 sq meters (980 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Warwick Terrace |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Warwick Terrace |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Warwick Terrace |
| Sep 2024 | Anti-social behaviour | On or near Sussex Street | |
| Sep 2024 | Anti-social behaviour | On or near Sussex Street |