£141,982
This estimated value is based upon the latest sale price for the house of £104,950 on 5 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £104,950 | 5 May 2016 |
| £72,000 | 17 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £104,950 results in an estimated price of approximately £141,982.
| 5 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £104,950 | £37,032 | £141,982 |
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 | 28.493 % | £29,903 | £134,853 |
| 3 Month Average | 12.235 % | £12,841 | £117,791 |
| 6 Month Average | 20.757 % | £21,784 | £126,734 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £111,972 | £111,000 | 12 FERNVILLE STREET |
| 4 Dec 2023 | £113,487 | £110,000 | 16 FERNVILLE STREET |
| 21 Aug 2023 | £93,690 | £92,000 | 3 VALE STREET |
| 29 Jun 2023 | £125,515 | £123,000 | 20 FERNVILLE STREET |
| 2 Jun 2023 | £91,840 | £90,000 | 12 VALE STREET |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 5 Jun 2015. Using an estimated price of £141,982 means this house is valued at £1,613 per sq meter (£149 per sq foot).
The average size of a house on VALE STREET is 100 sq meters (1,079 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Vale Street | |
| Oct 2024 | Vehicle crime | Under investigation | On or near Vale Street |
| Oct 2024 | Anti-social behaviour | On or near Vale Street | |
| Oct 2024 | Anti-social behaviour | On or near Vale Street | |
| Oct 2024 | Anti-social behaviour | On or near Vale Street |