£250,057
This estimated value is based upon the latest sale price for the house of £149,950 on 14 Dec 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 |
|---|---|
| £149,950 | 14 Dec 2006 |
| £61,000 | 8 Mar 2002 |
| Semi-Detached |
| 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 December 2006 the House Price Index for TYNE AND WEAR was 89.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.761%.Applying this 66.761% change to the original purchase price of £149,950 results in an estimated price of approximately £250,057.
| 14 Dec 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.8 | 149.7 | 66.761 % | £149,950 | £100,107 | £250,057 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 2.757 % | £4,133 | £154,083 |
| 3 Month Average | -3.958 % | £-5,935 | £144,014 |
| 6 Month Average | 3.904 % | £5,854 | £155,804 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Aug 2024 | £150,000 | £150,000 | 1 FARADAY GROVE |
| 26 Jun 2024 | £139,950 | £139,950 | 46 FALKLAND ROAD |
| 27 Mar 2024 | £121,867 | £119,995 | 37 FORDFIELD ROAD |
| 22 Mar 2024 | £71,092 | £70,000 | 12 KIMBERLEY STREET |
| 16 Aug 2023 | £165,994 | £163,000 | 27 FERNDENE CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hazledene Terrace | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arlington Street |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arlington Street |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Arlington Street |
| Aug 2024 | Anti-social behaviour | On or near Mafeking Street |