£140,555
This estimated value is based upon the latest sale price for the house of £31,250 on 14 May 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £31,250 | 14 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 May 1999 the House Price Index for TYNE AND WEAR was 22.5.
The House Price Index as of 1 Dec 2024 is 101.2 which is a change of 349.778%.Applying this 349.778% change to the original purchase price of £31,250 results in an estimated price of approximately £140,555.
| 14 May 1999 | 1 Dec 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 22.5 | 101.2 | 349.778 % | £31,250 | £109,305 | £140,555 |
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 | 220.405 % | £68,876 | £100,126 |
| 3 Month Average | 210.481 % | £65,775 | £97,025 |
| 6 Month Average | 185.513 % | £57,972 | £89,222 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2024 | £49,538 | £49,000 | 12 ROMFORD STREET |
| 24 Nov 2023 | £119,242 | £115,000 | 16 FORDLAND PLACE |
| 10 Nov 2023 | £67,346 | £64,950 | 8 HIGHFIELD PLACE |
| 5 Jun 2023 | £87,330 | £85,000 | 10 HIGHFIELD PLACE |
| 13 Apr 2023 | £97,505 | £95,000 | 8 FORDLAND PLACE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 12 Oct 2018. Using an estimated price of £140,556 means this house is valued at £1,289 per sq meter (£119 per sq foot).
The average size of a house on FORDLAND PLACE is 93 sq meters (1,008 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2025 | Violence and sexual offences | Under investigation | On or near Highfield Place |
| Jan 2025 | Shoplifting | Investigation complete; no suspect identified | On or near Highfield Place |
| Jan 2025 | Violence and sexual offences | Under investigation | On or near Pallion Road |
| Dec 2024 | Violence and sexual offences | Under investigation | On or near Pallion Road |
| Nov 2024 | Public order | Under investigation | On or near Pallion Road |