£112,282
This estimated value is based upon the latest sale price for the house of £85,000 on 19 Dec 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 19 Dec 2016 |
| £119,950 | 9 Nov 2007 |
| £140,000 | 19 May 2006 |
| £86,000 | 24 Jun 2005 |
| £32,000 | 9 Feb 1996 |
| Flats/Maisonettes |
| Leasehold |
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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £85,000 results in an estimated price of approximately £112,282.
| 19 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £85,000 | £27,282 | £112,282 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 58.043 % | £49,336 | £134,336 |
| 3 Month Average | 12.230 % | £10,395 | £95,395 |
| 6 Month Average | 5.952 % | £5,059 | £90,059 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £201,182 | £195,000 | 8 DURHAM ROAD |
| 21 Nov 2023 | £464,798 | £453,000 | 10 DRUMOYNE CLOSE |
| 21 Apr 2023 | £300,623 | £295,000 | 20 LONGMEADOWS |
| 15 Feb 2023 | £317,118 | £315,000 | 1 AMELIA GARDENS |
| 27 Jan 2023 | £481,286 | £480,000 | ELMLEE HOUSE ELMFIELD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Robbery | Under investigation | On or near Petrol Station |
| Jul 2024 | Anti-social behaviour | On or near Petrol Station | |
| Jul 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Jul 2024 | Anti-social behaviour | On or near Petrol Station | |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |