£128,735
This estimated value is based upon the latest sale price for the house of £119,950 on 16 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £119,950 | 16 Sep 2021 |
| £72,000 | 26 Oct 2012 |
| £42,000 | 30 Aug 2002 |
| £31,000 | 5 Jul 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £119,950 results in an estimated price of approximately £128,735.
| 16 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £119,950 | £8,785 | £128,735 |
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 | -52.118 % | £-62,516 | £57,433 |
| 3 Month Average | -2.828 % | £-3,392 | £116,557 |
| 6 Month Average | -5.143 % | £-6,168 | £113,781 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £78,264 | £78,000 | 2 RAMILLIES SQUARE |
| 10 Nov 2023 | £163,094 | £161,000 | 2 HARTHOPE AVENUE |
| 3 Nov 2023 | £70,404 | £69,500 | 4 RISHTON SQUARE |
| 15 Aug 2023 | £87,532 | £87,000 | 53 ROTHERFIELD ROAD |
| 19 Jun 2023 | £75,613 | £75,000 | 59 RISHTON SQUARE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 20 Jun 2013. Using an estimated price of £128,735 means this house is valued at £1,589 per sq meter (£147 per sq foot).
The average size of a house on RAMILLIES ROAD is 79 sq meters (854 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Rishton Square |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Rishton Square |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Rishton Square |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Rishton Square |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ramillies Square |