£134,710
This estimated value is based upon the latest sale price for the house of £108,000 on 4 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£108,000 | 4 May 2018 |
£84,950 | 22 Jun 2011 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 852 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £108,000 results in an estimated price of approximately £134,710.
4 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £108,000 | £26,710 | £134,710 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -34.433 % | £-37,187 | £70,812 |
3 Month Average | -22.071 % | £-23,836 | £84,163 |
6 Month Average | -25.619 % | £-27,668 | £80,331 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £114,500 | £114,500 | 65 OXFORD AVENUE |
25 Aug 2023 | £151,324 | £150,000 | 45 ST ANDREWS AVENUE |
6 Jul 2023 | £146,978 | £145,000 | 36 LONDON AVENUE |
27 Jun 2023 | £131,594 | £130,000 | 23 BRISTOL AVENUE |
26 Jun 2023 | £89,079 | £88,000 | 89 WELLBURN ROAD |
This house has a floor area of 79 sq meters or 852 sq feet when measured on 12 Apr 2011. Using an estimated price of £134,710 means this house is valued at £1,700 per sq meter (£158 per sq foot).
The average size of a house on LONDON AVENUE is 83 sq meters (899 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Possession of weapons | Under investigation | On or near London Avenue |
Apr 2024 | Criminal damage and arson | Under investigation | On or near London Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near London Avenue |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Bristol Avenue |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellburn Road |