£77,240
This estimated value is based upon the latest sale price for the house of £62,500 on 19 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,500 | 19 Dec 2019 |
| £54,000 | 21 Mar 2012 |
| £78,000 | 17 Jun 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 628 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 December 2019 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 23.585%.Applying this 23.585% change to the original purchase price of £62,500 results in an estimated price of approximately £77,240.
| 19 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £62,500 | £14,740 | £77,240 |
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 | 207.853 % | £129,907 | £192,407 |
| 3 Month Average | 46.525 % | £29,078 | £91,578 |
| 6 Month Average | 18.642 % | £11,651 | £74,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £93,885 | £91,000 | 6 RAVENSWOOD SQUARE |
| 27 Oct 2023 | £97,208 | £95,000 | 2 RUTHERFORD ROAD |
| 30 Aug 2023 | £101,837 | £100,000 | 4 RAVENSWOOD ROAD |
| 9 Feb 2023 | £75,504 | £75,000 | 7 RAVENSWOOD ROAD |
| 31 Jan 2023 | £90,241 | £90,000 | 15 RAVENSWOOD ROAD |
This house has a floor area of 58 sq meters or 628 sq feet when measured on 31 Oct 2011. Using an estimated price of £77,240 means this house is valued at £1,323 per sq meter (£122 per sq foot).
The average size of a house on RAVENSWOOD ROAD is 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Ravenswood Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ravenswood Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ravenswood Road |
| Sep 2024 | Anti-social behaviour | On or near Ravenswood Road | |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ravenswood Road |