£163,412
This estimated value is based upon the latest sale price for the house of £29,000 on 30 Jun 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £29,000 | 30 Jun 1995 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 635 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 June 1995 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.491%.Applying this 463.491% change to the original purchase price of £29,000 results in an estimated price of approximately £163,412.
| 30 Jun 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 148.6 | 463.491 % | £29,000 | £134,412 | £163,412 |
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 | 324.017 % | £93,964 | £122,964 |
| 3 Month Average | 220.888 % | £64,057 | £93,057 |
| 6 Month Average | 171.140 % | £49,630 | £78,630 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £84,132 | £83,000 | 4 RHODESIA ROAD |
| 13 Jun 2023 | £86,042 | £85,000 | 4 RIDDINGS ROAD |
| 7 Jun 2023 | £136,655 | £135,000 | 16 ROCHDALE ROAD |
| 17 Feb 2023 | £154,896 | £155,000 | 1 RIDDINGS ROAD |
| 25 Nov 2022 | £122,022 | £123,500 | 20 ROSEMARY ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 28 Aug 2012. Using an estimated price of £163,412 means this house is valued at £2,769 per sq meter (£257 per sq foot).
The average size of a house on RIDDINGS ROAD is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Rhodesia Road | |
| Feb 2024 | Anti-social behaviour | On or near Rhodesia Road | |
| Dec 2023 | Drugs | Under investigation | On or near Rhodesia Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Regina Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Regina Square |