£10,049,767
This estimated value is based upon the latest sale price for the house of £8,250,000 on 3 Jul 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 |
|---|---|
| £8,250,000 | 3 Jul 2020 |
| £74,400 | 25 Jul 2006 |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2020 the House Price Index for TYNE AND WEAR was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £8,250,000 results in an estimated price of approximately £10,049,767.
| 3 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £8,250,000 | £1,799,767 | £10,049,767 |
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 | -9.469 % | £-781,210 | £7,468,789 |
| 3 Month Average | 6.057 % | £499,690 | £8,749,690 |
| 6 Month Average | 0.293 % | £24,146 | £8,274,146 |
| 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 |
| 19 Dec 2023 | £90,274 | £87,500 | 1 PAISLEY SQUARE |
| 22 Nov 2023 | £87,214 | £85,000 | 15 PATON ROAD |
| 6 Oct 2023 | £74,697 | £73,000 | 8 PURLEY ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 20 Feb 2020. Using an estimated price of £10,049,767 means this house is valued at £147,790 per sq meter (£13,730 per sq foot).
The average size of a house on POLMUIR ROAD is 88 sq meters (949 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Polmuir Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Polmuir Road |
| May 2024 | Other crime | Investigation complete; no suspect identified | On or near Polmuir Road |
| Jul 2024 | Other crime | Investigation complete; no suspect identified | On or near Polmuir Square |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Polmuir Square |