£134,128
This estimated value is based upon the latest sale price for the house of £24,000 on 24 May 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £24,000 | 24 May 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 May 1996 the House Price Index for TYNE AND WEAR was 26.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 458.870%.Applying this 458.870% change to the original purchase price of £24,000 results in an estimated price of approximately £134,128.
| 24 May 1996 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.0 | 458.870 % | £24,000 | £110,128 | £134,128 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 57.268 % | £13,744 | £37,744 |
| 3 Month Average | 179.339 % | £43,041 | £67,041 |
| 6 Month Average | 191.521 % | £45,965 | £69,965 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2024 | £49,950 | £49,950 | 27 TRINITY STREET |
| 15 Dec 2023 | £40,720 | £39,950 | 40 FLORENCE CRESCENT |
| 29 Aug 2023 | £36,220 | £36,000 | 50 GROSVENOR STREET |
| 13 Jul 2023 | £121,146 | £120,000 | 15 DARWIN STREET |
| 11 Apr 2023 | £44,329 | £44,000 | 9 FITZROY TERRACE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 5 Aug 2014. Using an estimated price of £134,129 means this house is valued at £1,368 per sq meter (£127 per sq foot).
The average size of a house on FLORENCE CRESCENT is 98 sq meters (1,057 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Florence Crescent |
| Feb 2024 | Anti-social behaviour | On or near Florence Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Florence Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Florence Crescent | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Florence Crescent |