£101,461
This estimated value is based upon the latest sale price for the house of £79,000 on 7 Jul 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 |
---|---|
£79,000 | 7 Jul 2017 |
Semi-Detached |
Freehold |
Floor Area: 74 sq meters or 796 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £79,000 results in an estimated price of approximately £101,461.
7 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 149.7 | 28.433 % | £79,000 | £22,461 | £101,461 |
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 | 133.416 % | £105,398 | £184,398 |
3 Month Average | 10.592 % | £8,367 | £87,367 |
6 Month Average | -4.106 % | £-3,244 | £75,755 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 May 2024 | £137,500 | £137,500 | 112 HEXHAM AVENUE |
24 Nov 2023 | £123,125 | £120,000 | 32 DEVON ROAD |
20 Oct 2023 | £92,092 | £90,000 | 96 HEXHAM AVENUE |
29 Sep 2023 | £77,713 | £76,000 | 110 HEXHAM AVENUE |
21 Jun 2023 | £79,595 | £78,000 | 93 HEXHAM AVENUE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 3 May 2017. Using an estimated price of £101,462 means this house is valued at £1,371 per sq meter (£127 per sq foot).
The average size of a house on HEXHAM AVENUE is 84 sq meters (911 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Severn Avenue |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Severn Avenue |
May 2024 | Drugs | Investigation complete; no suspect identified | On or near Severn Avenue |
May 2024 | Drugs | Investigation complete; no suspect identified | On or near Severn Avenue |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Severn Avenue |