£419,020
This estimated value is based upon the latest sale price for the house of £235,000 on 27 Jan 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 |
|---|---|
| £235,000 | 27 Jan 2006 |
| £130,000 | 11 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 178 sq meters or 1,915 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 January 2006 the House Price Index for TYNE AND WEAR was 83.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 78.307%.Applying this 78.307% change to the original purchase price of £235,000 results in an estimated price of approximately £419,020.
| 27 Jan 2006 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 148.0 | 78.307 % | £235,000 | £184,020 | £419,020 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 0.066 % | £155 | £235,155 |
| 3 Month Average | -5.147 % | £-12,096 | £222,903 |
| 6 Month Average | 3.481 % | £8,179 | £243,179 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £254,821 | £250,000 | 15 SUNDERLAND ROAD |
| 17 Nov 2023 | £283,641 | £280,000 | 28 SUNDERLAND ROAD |
| 22 Aug 2023 | £271,652 | £270,000 | 2 SOUTHGARTH EAST WESTOE VILLAGE |
| 28 Jul 2023 | £301,855 | £299,000 | 2 COLLEGE DRIVE |
| 21 Jul 2023 | £287,722 | £285,000 | 12 SUNDERLAND ROAD |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 17 Apr 2015. Using an estimated price of £419,021 means this house is valued at £2,354 per sq meter (£218 per sq foot).
The average size of a house on SUNDERLAND ROAD is 136 sq meters (1,471 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near College Drive |
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near College Drive |
| Feb 2024 | Anti-social behaviour | On or near Grosvenor Mews | |
| Feb 2024 | Anti-social behaviour | On or near Grosvenor Mews | |
| Feb 2024 | Anti-social behaviour | On or near Grosvenor Mews |