£128,505
This estimated value is based upon the latest sale price for the house of £74,000 on 2 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,000 | 2 Jun 2006 |
| £68,000 | 28 Apr 2005 |
| £27,950 | 7 Nov 2001 |
| £26,500 | 25 Apr 1997 |
| Flats/Maisonettes |
| Leasehold |
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 June 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £74,000 results in an estimated price of approximately £128,505.
| 2 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £74,000 | £54,505 | £128,505 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | 6.901 % | £5,106 | £79,106 |
| 3 Month Average | 5.886 % | £4,355 | £78,355 |
| 6 Month Average | 22.001 % | £16,280 | £90,280 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £100,000 | £100,000 | 2 LAWS STREET |
| 4 Aug 2023 | £171,450 | £169,950 | 18 LEE STREET |
| 31 Jul 2023 | £91,228 | £90,000 | 13 LEE STREET |
| 28 Apr 2023 | £115,241 | £114,000 | 286 FULWELL ROAD |
| 18 May 2022 | £85,613 | £84,000 | 38 LEE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Lee Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lee Street |
| Mar 2024 | Anti-social behaviour | On or near Lee Street | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lee Street |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lee Street |