£222,970
This estimated value is based upon the latest sale price for the house of £129,950 on 14 Sep 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 |
|---|---|
| £129,950 | 14 Sep 2006 |
| £35,500 | 17 Aug 2001 |
| £24,000 | 24 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 September 2006 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.582%.Applying this 71.582% change to the original purchase price of £129,950 results in an estimated price of approximately £222,970.
| 14 Sep 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 149.7 | 71.582 % | £129,950 | £93,020 | £222,970 |
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 | 35.730 % | £46,430 | £176,380 |
| 3 Month Average | 21.512 % | £27,954 | £157,904 |
| 6 Month Average | 7.617 % | £9,898 | £139,848 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £92,344 | £90,000 | 4 DUMBARTON CLOSE |
| 19 Jun 2023 | £141,843 | £139,000 | 85 SPRINGWELL ROAD |
| 2 Mar 2023 | £83,393 | £82,000 | 37 SIMONSIDE ROAD |
| 27 Jan 2023 | £3,970 | £3,959 | 25 DUMBARTON CLOSE |
| 27 Jan 2023 | £105,281 | £105,000 | 3 SEATON ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 23 Jul 2015. Using an estimated price of £222,971 means this house is valued at £2,083 per sq meter (£193 per sq foot).
The average size of a house on SOMERSET ROAD is 106 sq meters (1,142 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Selkirk Square |
| Jul 2024 | Public order | Under investigation | On or near Selkirk Square |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Selkirk Square |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Selkirk Square |
| May 2024 | Violence and sexual offences | Under investigation | On or near Springbank Road |