£57,425
This estimated value is based upon the latest sale price for the house of £47,000 on 5 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £47,000 | 5 Dec 2019 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £47,000 results in an estimated price of approximately £57,425.
| 5 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.181 % | £47,000 | £10,425 | £57,425 |
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 | -5.619 % | £-2,641 | £44,358 |
| 3 Month Average | 33.617 % | £15,799 | £62,799 |
| 6 Month Average | 17.469 % | £8,210 | £55,210 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £101,877 | £99,950 | 23 BROADSHEATH TERRACE |
| 13 Jul 2023 | £121,146 | £120,000 | 15 DARWIN STREET |
| 23 Feb 2023 | £99,529 | £100,000 | 10 FREDA STREET |
| 1 Aug 2022 | £106,282 | £107,000 | 31 DARWIN STREET |
| 6 Jun 2022 | £87,386 | £86,500 | 46 BROADSHEATH TERRACE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 10 Sep 2018. Using an estimated price of £57,658 means this house is valued at £633 per sq meter (£58 per sq foot).
The average size of a house on DARWIN STREET is 77 sq meters (834 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park Terrace |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Terrace |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Park Terrace |
| Mar 2024 | Anti-social behaviour | On or near Park Terrace | |
| Mar 2024 | Shoplifting | Under investigation | On or near Park Terrace |