£74,655
This estimated value is based upon the latest sale price for the house of £54,000 on 8 Jan 2016. 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 Pensher Street
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| Price Paid | Date |
|---|---|
| £54,000 | 8 Jan 2016 |
| £48,000 | 8 Oct 2010 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 619 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 January 2016 the House Price Index for TYNE AND WEAR was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £54,000 results in an estimated price of approximately £74,655.
| 8 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £54,000 | £20,655 | £74,655 |
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 | 31.880 % | £17,215 | £71,215 |
| 3 Month Average | 10.489 % | £5,664 | £59,664 |
| 6 Month Average | 15.528 % | £8,384 | £62,384 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2022 | £102,184 | £100,000 | 166 CHESTER ROAD |
| 11 Mar 2022 | £105,437 | £101,000 | 35 LUMLEY STREET |
| 25 Feb 2022 | £59,162 | £56,000 | 1A OFFERTON STREET |
| 14 Jan 2022 | £84,816 | £80,000 | 43 PENSHER STREET |
| 5 Oct 2021 | £66,880 | £60,000 | 33 OFFERTON STREET |
This house has a floor area of 57 sq meters or 619 sq feet when measured on 18 Mar 2010. Using an estimated price of £74,656 means this house is valued at £1,296 per sq meter (£120 per sq foot).
The average size of a house on PENSHER STREET is 86 sq meters (926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Pensher Street |
| Sep 2024 | Drugs | Under investigation | On or near Pensher Street |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Pensher Street |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Pensher Street |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Pensher Street |