£197,954
This estimated value is based upon the latest sale price for the house of £127,000 on 24 Jan 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £127,000 | 24 Jan 2008 |
| Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2008 the House Price Index for TYNE AND WEAR was 95.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.870%.Applying this 55.870% change to the original purchase price of £127,000 results in an estimated price of approximately £197,954.
| 24 Jan 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.3 | 148.6 | 55.870 % | £127,000 | £70,954 | £197,954 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -32.034 % | £-40,682 | £86,317 |
| 3 Month Average | -3.723 % | £-4,727 | £122,272 |
| 6 Month Average | -5.574 % | £-7,078 | £119,921 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £341,598 | £337,000 | 12 WOOLER SQUARE |
| 20 Jan 2023 | £447,890 | £450,000 | 2 THORNFIELD GROVE |
| 16 Jun 2022 | £304,295 | £299,995 | 4 RAGLAN AVENUE |
| 27 Jan 2022 | £249,947 | £237,500 | 35 VICTORIA AVENUE |
| 16 Dec 2021 | £401,766 | £375,000 | 8 VICTORIA AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 11 Dec 2020. Using an estimated price of £197,954 means this house is valued at £2,868 per sq meter (£266 per sq foot).
The average size of a house on SEA VIEW ROAD is 130 sq meters (1,400 sq feet).
This house is the smallest in the street with a floor area of 69 sq meters (742 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Rainford Avenue |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Waldron Square |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Waldron Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Waldron Square |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Waldron Square |