£360,473
This estimated value is based upon the latest sale price for the house of £118,500 on 27 Mar 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,500 | 27 Mar 2002 |
| £86,995 | 18 Sep 1998 |
| Detached |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 2002 the House Price Index for TYNE AND WEAR was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £118,500 results in an estimated price of approximately £360,473.
| 27 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 149.7 | 204.197 % | £118,500 | £241,973 | £360,473 |
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 | 128.931 % | £152,783 | £271,283 |
| 3 Month Average | 121.324 % | £143,769 | £262,269 |
| 6 Month Average | 105.663 % | £125,210 | £243,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £173,476 | £170,000 | 14 BRISTLECONE |
| 8 Jun 2022 | £329,033 | £322,000 | 35 ENGLEMANN WAY |
| 1 Jun 2022 | £5,705 | £5,583 | 17 ENGLEMANN WAY |
| 14 Apr 2022 | £241,719 | £233,000 | 4 COTTONWOOD |
| 4 Mar 2022 | £204,559 | £195,950 | 12 LACEBARK |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 2 Oct 2014. Using an estimated price of £360,473 means this house is valued at £3,499 per sq meter (£325 per sq foot).
The average size of a house on LACEBARK is 98 sq meters (1,060 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Whitebark |
| May 2024 | Violence and sexual offences | Under investigation | On or near Whitebark |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Buckthorn Gardens |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Buckthorn Gardens |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Buckthorn Gardens |