£191,241
This estimated value is based upon the latest sale price for the house of £110,000 on 27 Nov 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 27 Nov 2009 |
| £52,750 | 21 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 130 sq meters or 1,400 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 2009 the House Price Index for TYNE AND WEAR was 85.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 73.856%.Applying this 73.856% change to the original purchase price of £110,000 results in an estimated price of approximately £191,241.
| 27 Nov 2009 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.0 | 73.856 % | £110,000 | £81,241 | £191,241 |
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 | 19.766 % | £21,742 | £131,742 |
| 3 Month Average | 37.907 % | £41,698 | £151,698 |
| 6 Month Average | 27.754 % | £30,529 | £140,529 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £232,196 | £230,000 | 1 SKI VIEW |
| 12 Jun 2023 | £161,308 | £160,000 | 74 SKI VIEW |
| 16 Jan 2023 | £252,780 | £255,000 | 57 SKI VIEW |
| 6 Jan 2023 | £292,431 | £295,000 | HALCYON SILKSWORTH LANE |
| 4 Feb 2022 | £117,502 | £112,500 | 55 SCARBOROUGH ROAD |
This house has a floor area of 130 sq meters or 1,400 sq feet when measured on 2 Mar 2009. Using an estimated price of £191,242 means this house is valued at £1,470 per sq meter (£136 per sq foot).
The average size of a house on PIT ROW is 119 sq meters (1,284 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Drugs | Offender given a caution | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Symington Gardens |