£117,875
This estimated value is based upon the latest sale price for the house of £92,000 on 28 Jun 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £92,000 | 28 Jun 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £92,000 results in an estimated price of approximately £117,875.
| 28 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £92,000 | £25,875 | £117,875 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 171.566 % | £157,841 | £249,841 |
| 3 Month Average | 22.091 % | £20,323 | £112,323 |
| 6 Month Average | 14.167 % | £13,033 | £105,033 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £101,781 | £100,000 | 60 WILLOW AVENUE |
| 29 Sep 2023 | £150,423 | £148,500 | 31 HEATHER PLACE |
| 16 Jun 2023 | £126,533 | £125,000 | 22 CYPRESS AVENUE |
| 10 Mar 2023 | £129,217 | £128,000 | 12 CYPRESS AVENUE |
| 6 Feb 2023 | £149,899 | £150,000 | 4 CYPRESS AVENUE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 18 Jul 2017. Using an estimated price of £117,875 means this house is valued at £1,733 per sq meter (£161 per sq foot).
The average size of a house on HEATHER PLACE is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Cypress Avenue |