£179,443
This estimated value is based upon the latest sale price for the house of £114,000 on 7 Mar 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £114,000 | 7 Mar 2014 |
| £75,000 | 16 May 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 March 2014 the House Price Index for TYNE AND WEAR was 94.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.406%.Applying this 57.406% change to the original purchase price of £114,000 results in an estimated price of approximately £179,443.
| 7 Mar 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 148.6 | 57.406 % | £114,000 | £65,443 | £179,443 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | 33.583 % | £38,284 | £152,284 |
| 3 Month Average | 19.568 % | £22,306 | £136,306 |
| 6 Month Average | 23.603 % | £26,906 | £140,906 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £157,007 | £155,000 | 21 FARROW DRIVE |
| 14 Sep 2023 | £144,852 | £143,000 | 38 PARRY DRIVE |
| 28 Jul 2023 | £162,132 | £159,950 | 71 LIZARD LANE |
| 25 Jul 2023 | £212,865 | £210,000 | 49 PARRY DRIVE |
| 30 Jun 2023 | £158,925 | £157,000 | 7 SYCAMORE ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 3 Oct 2013. Using an estimated price of £179,443 means this house is valued at £2,243 per sq meter (£208 per sq foot).
The average size of a house on LIZARD LANE is 94 sq meters (1,012 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Birch Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farrow Drive |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lizard Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lizard Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lizard Lane |