£137,339
This estimated value is based upon the latest sale price for the house of £130,000 on 25 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 25 Feb 2022 |
| £121,995 | 25 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £130,000 results in an estimated price of approximately £137,339.
| 25 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £130,000 | £7,339 | £137,339 |
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 | -1.926 % | £-2,503 | £127,496 |
| 3 Month Average | -8.404 % | £-10,925 | £119,074 |
| 6 Month Average | 1.667 % | £2,167 | £132,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £140,055 | £136,500 | 151 FORDFIELD ROAD |
| 22 Aug 2023 | £132,388 | £130,000 | 153 FORDFIELD ROAD |
| 21 Feb 2023 | £82,551 | £82,000 | 56 FRIAR ROAD |
| 25 Feb 2022 | £137,339 | £130,000 | 73 FOREST ROAD |
| 17 Dec 2021 | £172,689 | £160,000 | 133 FORDFIELD ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 6 Oct 2021. Using an estimated price of £137,339 means this house is valued at £1,934 per sq meter (£179 per sq foot).
The average size of a house on FOREST ROAD is 77 sq meters (836 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Under investigation | On or near Forest Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Field Square |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Field Square |
| Sep 2024 | Anti-social behaviour | On or near Flodden Road | |
| Aug 2024 | Anti-social behaviour | On or near Flodden Road |