£147,965
This estimated value is based upon the latest sale price for the house of £145,000 on 30 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£145,000 | 30 Jun 2023 |
£83,000 | 8 May 2018 |
Semi-Detached |
Freehold |
Floor Area: 72 sq meters or 775 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 June 2023 the House Price Index for TYNE AND WEAR was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £145,000 results in an estimated price of approximately £147,965.
30 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.7 | 149.7 | 2.045 % | £145,000 | £2,965 | £147,965 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 127.568 % | £184,973 | £329,973 |
3 Month Average | -8.253 % | £-11,967 | £133,032 |
6 Month Average | 8.450 % | £12,252 | £157,252 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £147,965 | £145,000 | 1 DUKES AVENUE |
2 Feb 2023 | £139,935 | £139,000 | 50 TONER AVENUE |
28 Sep 2022 | £39,972 | £39,999 | 15A TONER AVENUE |
8 Jul 2022 | £151,215 | £149,700 | 57 JOHNSTON AVENUE |
10 Jun 2022 | £132,840 | £130,000 | 33 JOHNSTON AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 1 Dec 2017. Using an estimated price of £147,965 means this house is valued at £2,055 per sq meter (£190 per sq foot).
The average size of a house on DUKES AVENUE is 95 sq meters (1,029 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other theft | Under investigation | On or near Queen'S Crescent |
Jul 2024 | Other theft | Under investigation | On or near Queen'S Crescent |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Toner Avenue |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Toner Avenue |
May 2024 | Violence and sexual offences | Under investigation | On or near Toner Avenue |