£360,488
This estimated value is based upon the latest sale price for the house of £291,500 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £291,500 | 3 Apr 2020 |
| £285,000 | 27 Sep 2013 |
| £163,000 | 21 Nov 2000 |
| £119,000 | 31 Mar 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 2020 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £291,500 results in an estimated price of approximately £360,488.
| 3 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.667 % | £291,500 | £68,988 | £360,488 |
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 | 38.305 % | £111,658 | £403,158 |
| 3 Month Average | 20.897 % | £60,915 | £352,415 |
| 6 Month Average | 2.394 % | £6,978 | £298,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £381,888 | £375,000 | 5 LEYFIELD CLOSE |
| 22 Mar 2023 | £208,482 | £205,000 | 15 BERRYFIELD CLOSE |
| 29 Jul 2022 | £166,670 | £165,000 | 61 GAYHURST CRESCENT |
| 27 May 2022 | £164,280 | £160,000 | 28 GAYHURST CRESCENT |
| 18 Feb 2022 | £151,073 | £143,000 | 26 BERRYFIELD CLOSE |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 15 Feb 2017. Using an estimated price of £360,488 means this house is valued at £2,930 per sq meter (£272 per sq foot).
The average size of a house on THE FOLD is 288 sq meters (3,105 sq feet).
This house is the smallest in the street with a floor area of 123 sq meters (1,323 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Under investigation | On or near Lodgeside Meadow |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lawnhead Square |
| Jun 2024 | Anti-social behaviour | On or near Lawnhead Square | |
| Jun 2024 | Anti-social behaviour | On or near Lawnhead Square | |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Aylesbury Drive |