£240,677
This estimated value is based upon the latest sale price for the house of £180,000 on 25 Apr 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Spelter Works Road
More crime details
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| Price Paid | Date |
|---|---|
| £180,000 | 25 Apr 2016 |
| £72,000 | 29 Aug 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.710%.Applying this 33.710% change to the original purchase price of £180,000 results in an estimated price of approximately £240,677.
| 25 Apr 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 146.7 | 33.710 % | £180,000 | £60,677 | £240,677 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 0.968 % | £1,741 | £181,741 |
| 3 Month Average | 1.436 % | £2,585 | £182,585 |
| 6 Month Average | -2.407 % | £-4,333 | £175,666 |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 16 Apr 2015.
The average size of a house on ROMNEY AVENUE is 125 sq meters (1,350 sq feet).
This house is the smallest in the street with a floor area of 82 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spelter Works Road |
| Feb 2024 | Anti-social behaviour | On or near Spelter Works Road | |
| Feb 2024 | Anti-social behaviour | On or near Spelter Works Road | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Spelter Works Road |
| Mar 2024 | Drugs | Under investigation | On or near Weldon Avenue |