£102,262
This estimated value is based upon the latest sale price for the house of £59,600 on 8 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 |
---|---|
£59,600 | 8 Sep 2006 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 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 £59,600 results in an estimated price of approximately £102,262.
8 Sep 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.2 | 149.7 | 71.582 % | £59,600 | £42,662 | £102,262 |
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 % | £21,294 | £80,894 |
3 Month Average | 21.512 % | £12,821 | £72,421 |
6 Month Average | 7.617 % | £4,539 | £64,139 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £66,693 | £65,000 | 60 SOMERSET COTTAGES |
26 Oct 2023 | £81,859 | £80,000 | 58 SOMERSET COTTAGES |
12 Sep 2023 | £56,240 | £55,000 | 62 SOMERSET COTTAGES |
1 Sep 2023 | £81,803 | £80,000 | 17 SOMERSET STREET |
23 Aug 2023 | £49,900 | £49,000 | 18 SOMERSET COTTAGES |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 11 Jun 2014. Using an estimated price of £102,263 means this house is valued at £1,087 per sq meter (£101 per sq foot).
The average size of a house on SOMERSET STREET is 100 sq meters (1,080 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sussex Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Warwick Terrace |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sussex Street |
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Warwick Terrace |
Jun 2024 | Vehicle crime | Under investigation | On or near Warwick Terrace |