£105,963
This estimated value is based upon the latest sale price for the house of £87,500 on 8 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £87,500 | 8 Jun 2020 |
| Semi-Detached |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £87,500 results in an estimated price of approximately £105,963.
| 8 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £87,500 | £18,463 | £105,963 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 3.240 % | £2,835 | £90,335 |
| 3 Month Average | 29.542 % | £25,849 | £113,349 |
| 6 Month Average | 16.447 % | £14,390 | £101,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jul 2023 | £106,432 | £105,000 | 66 REYNOLDS AVENUE |
| 4 Jul 2023 | £152,046 | £150,000 | 139 TURNER AVENUE |
| 26 Jun 2023 | £146,773 | £144,995 | 110 REYNOLDS AVENUE |
| 24 Mar 2023 | £126,189 | £125,000 | 63 GAINSBOROUGH AVENUE |
| 10 Mar 2023 | £98,427 | £97,500 | 119 REYNOLDS AVENUE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 9 Aug 2019. Using an estimated price of £105,964 means this house is valued at £1,999 per sq meter (£185 per sq foot).
The average size of a house on REYNOLDS AVENUE is 73 sq meters (793 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Reynolds Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gainsborough Avenue |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gainsborough Avenue |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Gainsborough Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gainsborough Avenue |