£85,892
This estimated value is based upon the latest sale price for the house of £56,950 on 14 Aug 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 |
|---|---|
| £56,950 | 14 Aug 2014 |
| £43,500 | 28 Jun 2012 |
| £55,000 | 19 Dec 2011 |
| £30,000 | 18 Dec 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 50.820%.Applying this 50.820% change to the original purchase price of £56,950 results in an estimated price of approximately £85,892.
| 14 Aug 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.0 | 50.820 % | £56,950 | £28,942 | £85,892 |
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 | 17.945 % | £10,219 | £67,169 |
| 3 Month Average | 17.896 % | £10,191 | £67,141 |
| 6 Month Average | 17.704 % | £10,082 | £67,032 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £278,441 | £277,500 | 18 CORBIERE CLOSE |
| 6 Dec 2023 | £76,446 | £75,000 | 28 MAREE CLOSE |
| 17 Nov 2023 | £217,796 | £215,000 | 1 MANNINGFORD DRIVE |
| 25 Aug 2023 | £276,683 | £275,000 | 23 CORBIERE CLOSE |
| 18 Aug 2023 | £216,315 | £215,000 | 8 MELVAIG CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 24 Jul 2020. Using an estimated price of £85,892 means this house is valued at £1,789 per sq meter (£166 per sq foot).
The average size of a house on PADONHILL is 68 sq meters (733 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near College Burn Road |
| Apr 2024 | Possession of weapons | Under investigation | On or near College Burn Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near College Burn Road |
| Apr 2024 | Anti-social behaviour | On or near College Burn Road | |
| Apr 2024 | Public order | Under investigation | On or near College Burn Road |