£66,229
This estimated value is based upon the latest sale price for the house of £40,000 on 5 Apr 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £40,000 | 5 Apr 2013 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 April 2013 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 65.574%.Applying this 65.574% change to the original purchase price of £40,000 results in an estimated price of approximately £66,229.
| 5 Apr 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 146.7 | 65.574 % | £40,000 | £26,229 | £66,229 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 2.318 % | £927 | £40,927 |
| 3 Month Average | -4.104 % | £-1,641 | £38,358 |
| 6 Month Average | -5.475 % | £-2,190 | £37,809 |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 9 Jan 2014.
There is one other house on the street which we know the size of, this is 3 OSMAN CLOSE it is 76.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Osman Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Osman Close |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Salem Road |
| Feb 2024 | Other crime | Under investigation | On or near Salem Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Salem Road |