£151,082
This estimated value is based upon the latest sale price for the house of £126,000 on 14 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £126,000 | 14 Aug 2020 |
| £112,500 | 31 Mar 2016 |
| £69,000 | 19 Apr 2002 |
| £48,250 | 6 Sep 2001 |
| £43,000 | 21 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £126,000 results in an estimated price of approximately £151,082.
| 14 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £126,000 | £25,082 | £151,082 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 28.292 % | £35,648 | £161,648 |
| 3 Month Average | 15.116 % | £19,045 | £145,045 |
| 6 Month Average | 23.947 % | £30,173 | £156,173 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £131,774 | £130,000 | 10 THE DRIVE |
| 30 Jun 2023 | £51,625 | £51,000 | 279 STATION ROAD |
| 10 Jan 2023 | £209,015 | £210,000 | 4 PARK AVENUE |
| 25 Feb 2022 | £105,918 | £101,000 | 9 VICTORIA AVENUE |
| 3 Dec 2021 | £348,198 | £325,000 | 10 PARK AVENUE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 6 Feb 2020. Using an estimated price of £151,082 means this house is valued at £1,573 per sq meter (£146 per sq foot).
The average size of a house on BURN AVENUE is 149 sq meters (1,608 sq feet).
This house is the smallest in the street with a floor area of 96 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Victoria Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Victoria Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Victoria Avenue | |
| Mar 2024 | Public order | Under investigation | On or near Victoria Avenue |
| Mar 2024 | Anti-social behaviour | On or near Victoria Avenue |