£88,343
This estimated value is based upon the latest sale price for the house of £72,950 on 29 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Lumley Street
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Price Paid | Date |
---|---|
£72,950 | 29 Jun 2020 |
£65,000 | 12 Oct 2015 |
£75,000 | 21 Sep 2007 |
£55,000 | 18 Dec 2006 |
£29,094 | 28 Nov 1997 |
Terraced |
Freehold |
Floor Area: 58 sq meters or 624 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £72,950 results in an estimated price of approximately £88,343.
29 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 148.6 | 21.102 % | £72,950 | £15,393 | £88,343 |
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 | 51.030 % | £37,226 | £110,176 |
3 Month Average | -2.840 % | £-2,071 | £70,878 |
6 Month Average | 11.078 % | £8,081 | £81,031 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Mar 2023 | £58,552 | £58,000 | 22 HOUGHTON STREET |
3 Mar 2023 | £96,913 | £96,000 | 33 HOUGHTON STREET |
7 Nov 2022 | £20,008 | £20,250 | 25 HOUGHTON STREET |
12 Apr 2022 | £83,980 | £81,550 | 18 HOUGHTON STREET |
11 Mar 2022 | £104,662 | £101,000 | 35 LUMLEY STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 23 Mar 2016. Using an estimated price of £88,344 means this house is valued at £1,523 per sq meter (£141 per sq foot).
The average size of a house on HOUGHTON STREET is 70 sq meters (759 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Burglary | Under investigation | On or near Lumley Street |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Lumley Street |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lumley Street |
Mar 2024 | Theft from the person | Under investigation | On or near Lumley Street |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lumley Street |