£86,427
This estimated value is based upon the latest sale price for the house of £74,000 on 25 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,000 | 25 Nov 2020 |
| £55,000 | 22 Feb 2019 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £74,000 results in an estimated price of approximately £86,427.
| 25 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £74,000 | £12,427 | £86,427 |
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 | 34.464 % | £25,503 | £99,503 |
| 3 Month Average | 17.611 % | £13,032 | £87,032 |
| 6 Month Average | -2.182 % | £-1,614 | £72,385 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £80,741 | £79,500 | 7 POLWORTH SQUARE |
| 15 Mar 2024 | £105,623 | £104,000 | 14 POWIS ROAD |
| 15 Dec 2023 | £46,427 | £45,000 | 36 PEARL ROAD |
| 10 Nov 2023 | £109,787 | £107,000 | 129 PREMIER ROAD |
| 6 Oct 2023 | £74,697 | £73,000 | 8 PURLEY ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 24 Apr 2018. Using an estimated price of £86,427 means this house is valued at £1,416 per sq meter (£131 per sq foot).
The average size of a house on PERTH ROAD is 74 sq meters (801 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Perth Square |
| Jul 2024 | Anti-social behaviour | On or near Perth Square | |
| Jul 2024 | Anti-social behaviour | On or near Perth Square | |
| Jul 2024 | Drugs | Awaiting court outcome | On or near Perth Square |
| May 2024 | Drugs | Investigation complete; no suspect identified | On or near Perth Square |