£109,488
This estimated value is based upon the latest sale price for the house of £110,000 on 11 Nov 2022. 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 Warwick Terrace
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| Price Paid | Date |
|---|---|
| £110,000 | 11 Nov 2022 |
| Semi-Detached |
| Leasehold |
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 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £110,000 results in an estimated price of approximately £109,488.
| 11 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £110,000 | £-511 | £109,488 |
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 | 8.448 % | £9,293 | £119,293 |
| 3 Month Average | 13.117 % | £14,428 | £124,428 |
| 6 Month Average | 3.653 % | £4,017 | £114,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2024 | £86,000 | £86,000 | 27 SOMERSET STREET |
| 18 Dec 2023 | £70,156 | £68,000 | 17 WESTGATE AVENUE |
| 26 Oct 2023 | £81,859 | £80,000 | 58 SOMERSET COTTAGES |
| 12 Sep 2023 | £56,240 | £55,000 | 62 SOMERSET COTTAGES |
| 23 Aug 2023 | £49,900 | £49,000 | 18 SOMERSET COTTAGES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Warwick Terrace |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Warwick Terrace |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Warwick Terrace |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lincoln Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Lincoln Avenue |