£60,907
This estimated value is based upon the latest sale price for the house of £50,000 on 23 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 |
|---|---|
| £50,000 | 23 Jul 2020 |
| £105,000 | 13 Mar 2008 |
| £85,000 | 29 Apr 2005 |
| £51,000 | 23 Jul 2004 |
| £40,000 | 26 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 £50,000 results in an estimated price of approximately £60,907.
| 23 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £50,000 | £10,907 | £60,907 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | -10.822 % | £-5,411 | £44,588 |
| 3 Month Average | 20.721 % | £10,360 | £60,360 |
| 6 Month Average | 12.487 % | £6,243 | £56,243 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £68,596 | £68,000 | 22 CLOSE STREET |
| 19 Dec 2023 | £118,646 | £115,000 | 126 HYLTON ROAD |
| 27 Sep 2023 | £119,637 | £117,000 | 19 CROMWELL STREET |
| 30 Jun 2023 | £66,329 | £65,000 | 33 CLOSE STREET |
| 31 Mar 2023 | £81,359 | £80,000 | 43 CLOSE STREET |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 21 Mar 2019. Using an estimated price of £60,908 means this house is valued at £951 per sq meter (£88 per sq foot).
The average size of a house on WOOD STREET is 89 sq meters (967 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Public order | Under investigation | On or near Wood Street |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wood Street |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Wood Street |
| Nov 2024 | Other crime | Under investigation | On or near Albert Road |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Albert Road |