£223,319
This estimated value is based upon the latest sale price for the house of £220,000 on 23 May 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £220,000 | 23 May 2022 |
| 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 May 2022 the House Price Index for TYNE AND WEAR was 145.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.509%.Applying this 1.509% change to the original purchase price of £220,000 results in an estimated price of approximately £223,319.
| 23 May 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.0 | 1.509 % | £220,000 | £3,319 | £223,319 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -52.802 % | £-116,163 | £103,836 |
| 3 Month Average | 0.226 % | £498 | £220,498 |
| 6 Month Average | -1.248 % | £-2,746 | £217,253 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £163,094 | £161,000 | 2 HARTHOPE AVENUE |
| 14 Aug 2023 | £70,428 | £70,000 | 41 REDHILL ROAD |
| 7 Jul 2023 | £141,337 | £140,000 | 59 RHODESIA ROAD |
| 7 Jul 2023 | £161,528 | £160,000 | 22 SPA WELL DRIVE |
| 9 Jun 2023 | £100,817 | £100,000 | 11 REDRUTH SQUARE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Reading Square |
| Jan 2024 | Public order | Under investigation | On or near Reading Square |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Riga Square |
| Mar 2024 | Anti-social behaviour | On or near Retford Square | |
| Mar 2024 | Anti-social behaviour | On or near Retford Square |