£74,373
This estimated value is based upon the latest sale price for the house of £62,000 on 20 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,000 | 20 Mar 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.957%.Applying this 19.957% change to the original purchase price of £62,000 results in an estimated price of approximately £74,373.
| 20 Mar 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.0 | 19.957 % | £62,000 | £12,373 | £74,373 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -45.500 % | £-28,210 | £33,789 |
| 3 Month Average | 32.165 % | £19,942 | £81,942 |
| 6 Month Average | 29.128 % | £18,059 | £80,059 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £100,612 | £100,000 | 4 RAVENSWOOD ROAD |
| 7 Jul 2023 | £95,907 | £95,000 | 28 RAVENNA ROAD |
| 9 Feb 2023 | £74,647 | £75,000 | 7 RAVENSWOOD ROAD |
| 31 Jan 2023 | £89,216 | £90,000 | 15 RAVENSWOOD ROAD |
| 22 Jul 2022 | £129,825 | £130,000 | 3 GRASMOOR VIEW |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 6 Mar 2020. Using an estimated price of £74,374 means this house is valued at £1,126 per sq meter (£104 per sq foot).
The average size of a house on RUTHERFORD SQUARE is 83 sq meters (902 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Rutherford Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rutherford Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rutherford Road |
| Mar 2024 | Other theft | Under investigation | On or near Rutherford Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rutherford Road |