£25,219
This estimated value is based upon the latest sale price for the house of £25,000 on 20 Dec 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 |
|---|---|
| £25,000 | 20 Dec 2022 |
| £485,000 | 9 Nov 2020 |
| £90,000 | 19 Mar 1996 |
| Freehold |
| Floor Area: 159 sq meters or 1,711 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 December 2022 the House Price Index for TYNE AND WEAR was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £25,000 results in an estimated price of approximately £25,219.
| 20 Dec 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £25,000 | £219 | £25,219 |
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 | 20.571 % | £5,142 | £30,142 |
| 3 Month Average | 11.351 % | £2,837 | £27,837 |
| 6 Month Average | 2.567 % | £641 | £25,641 |
| 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 159 sq meters or 1,711 sq feet when measured on 9 Jun 2020.
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 |