£196,199
This estimated value is based upon the latest sale price for the house of £185,500 on 3 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,500 | 3 Dec 2021 |
| £83,000 | 8 May 2019 |
| £45,000 | 30 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.768%.Applying this 5.768% change to the original purchase price of £185,500 results in an estimated price of approximately £196,199.
| 3 Dec 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 146.7 | 5.768 % | £185,500 | £10,699 | £196,199 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | -19.481 % | £-36,137 | £149,362 |
| 3 Month Average | -4.186 % | £-7,765 | £177,734 |
| 6 Month Average | 1.127 % | £2,091 | £187,591 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 26 Oct 2018.
The average size of a house on SOUTER VIEW is 91 sq meters (980 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Under investigation | On or near Fulmar Walk |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mill Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fern Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fern Avenue |