£207,222
This estimated value is based upon the latest sale price for the house of £93,000 on 28 Nov 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £93,000 | 28 Nov 2003 |
| £14,000 | 28 Feb 1996 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 November 2003 the House Price Index for TYNE AND WEAR was 67.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 122.820%.Applying this 122.820% change to the original purchase price of £93,000 results in an estimated price of approximately £207,222.
| 28 Nov 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 67.2 | 149.7 | 122.820 % | £93,000 | £114,222 | £207,222 |
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 | 71.237 % | £66,250 | £159,250 |
| 3 Month Average | 63.305 % | £58,873 | £151,873 |
| 6 Month Average | 41.959 % | £39,021 | £132,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £91,404 | £90,000 | 43 SWINDON ROAD |
| 29 Sep 2023 | £122,705 | £120,000 | 12 SPRINGBANK SQUARE |
| 19 Jun 2023 | £141,843 | £139,000 | 85 SPRINGWELL ROAD |
| 27 Jan 2023 | £105,281 | £105,000 | 3 SEATON ROAD |
| 12 Jan 2023 | £167,447 | £167,000 | 14 SPRINGBANK ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 23 Jan 2020. Using an estimated price of £207,223 means this house is valued at £2,204 per sq meter (£204 per sq foot).
The average size of a house on SPRINGBANK ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Seaton Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Seaton Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Seaton Road |
| Jun 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Seaton Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Swindon Road |