£125,129
This estimated value is based upon the latest sale price for the house of £110,000 on 1 Apr 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 |
|---|---|
| £110,000 | 1 Apr 2021 |
| Semi-Detached |
| Freehold |
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 April 2021 the House Price Index for TYNE AND WEAR was 131.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.754%.Applying this 13.754% change to the original purchase price of £110,000 results in an estimated price of approximately £125,129.
| 1 Apr 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.6 | 149.7 | 13.754 % | £110,000 | £15,129 | £125,129 |
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 | 34.500 % | £37,949 | £147,949 |
| 3 Month Average | 52.084 % | £57,292 | £167,292 |
| 6 Month Average | 6.822 % | £7,503 | £117,503 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £61,902 | £60,000 | 20 ALINE STREET |
| 17 Nov 2023 | £66,693 | £65,000 | 14 LORD STREET |
| 10 Nov 2023 | £33,859 | £33,000 | 26 LORD STREET |
| 9 Nov 2023 | £102,599 | £99,995 | 25 LORD STREET |
| 8 Sep 2023 | £147,246 | £144,000 | 18 DAVISON AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Park Avenue |
| May 2024 | Violence and sexual offences | Under investigation | On or near Park Avenue |
| Jun 2024 | Possession of weapons | Awaiting court outcome | On or near Aline Street |
| Jun 2024 | Other crime | Under investigation | On or near Aline Street |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Byrne Terrace West |