£73,018
This estimated value is based upon the latest sale price for the house of £47,500 on 4 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £47,500 | 4 Apr 2014 |
| £58,500 | 12 Aug 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 45 sq meters or 490 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 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.723%.Applying this 53.723% change to the original purchase price of £47,500 results in an estimated price of approximately £73,018.
| 4 Apr 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 146.7 | 53.723 % | £47,500 | £25,518 | £73,018 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 2.554 % | £1,213 | £48,713 |
| 3 Month Average | 8.452 % | £4,014 | £51,514 |
| 6 Month Average | 26.173 % | £12,431 | £59,931 |
This house has a floor area of 45 sq meters or 490 sq feet when measured on 18 Oct 2011.
The average size of a house on INVERNESS ROAD is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Inverness Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Inverness Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Inverness Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Inverness Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Inverness Road |