£396,269
This estimated value is based upon the latest sale price for the house of £322,500 on 10 Jan 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 |
|---|---|
| £322,500 | 10 Jan 2020 |
| £295,000 | 11 Sep 2013 |
| £249,950 | 9 Dec 2002 |
| £106,000 | 13 Jun 1997 |
| Detached |
| Freehold |
| Floor Area: 188 sq meters or 2,023 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £322,500 results in an estimated price of approximately £396,269.
| 10 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £322,500 | £73,769 | £396,269 |
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 | 22.087 % | £71,231 | £393,731 |
| 3 Month Average | 11.117 % | £35,851 | £358,351 |
| 6 Month Average | 14.661 % | £47,281 | £369,781 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2024 | £515,000 | £515,000 | HOLLY HOUSE OFFERTON |
| 26 Apr 2024 | £161,402 | £160,000 | 33 MARLBOROUGH ROAD |
| 5 Apr 2024 | £146,270 | £145,000 | 43 MARLBOROUGH ROAD |
| 2 Jun 2023 | £239,806 | £235,000 | 143 SEVENOAKS DRIVE |
| 30 Sep 2022 | £414,723 | £415,000 | 5 THE GRANARIES OFFERTON |
This house has a floor area of 188 sq meters or 2,023 sq feet when measured on 3 Apr 2014. Using an estimated price of £396,270 means this house is valued at £2,107 per sq meter (£195 per sq foot).
The average size of a house on OFFERTON is 196 sq meters (2,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near The Granaries | |
| Jul 2024 | Anti-social behaviour | On or near The Granaries | |
| Jul 2024 | Anti-social behaviour | On or near The Granaries | |
| Jul 2024 | Anti-social behaviour | On or near The Granaries | |
| Jul 2024 | Anti-social behaviour | On or near The Granaries |