£271,158
This estimated value is based upon the latest sale price for the house of £265,000 on 27 Oct 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £265,000 | 27 Oct 2023 |
| £215,000 | 24 Aug 2020 |
| £68,500 | 30 Apr 1999 |
| Terraced |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 October 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £265,000 results in an estimated price of approximately £271,158.
| 27 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £265,000 | £6,158 | £271,158 |
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 | 136.302 % | £361,199 | £626,199 |
| 3 Month Average | 5.956 % | £15,782 | £280,782 |
| 6 Month Average | -7.017 % | £-18,595 | £246,404 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £271,159 | £265,000 | 2 FORTROSE AVENUE |
| 16 Oct 2023 | £345,343 | £337,500 | 7 MONTROSE GARDENS |
| 28 Sep 2023 | £219,795 | £214,950 | 23 HUMBLEDON PARK |
| 22 Aug 2023 | £539,684 | £529,950 | CRATHORNE, 17 THOMAS HAWKSLEY PARK |
| 15 Mar 2023 | £183,057 | £180,000 | 31 SEAFORTH ROAD |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 18 Feb 2020. Using an estimated price of £271,159 means this house is valued at £2,222 per sq meter (£206 per sq foot).
The average size of a house on FORTROSE AVENUE is 116 sq meters (1,257 sq feet).
This house is the largest in the street with a floor area of 122 sq meters (1,313 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Montrose Gardens |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Montrose Gardens |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Harewood Gardens |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Hathaway Gardens |
| Aug 2024 | Public order | Under investigation | On or near Hathaway Gardens |