£113,225
This estimated value is based upon the latest sale price for the house of £72,000 on 18 Sep 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £72,000 | 18 Sep 2007 |
| £25,000 | 4 Aug 2000 |
| Flats/Maisonettes |
| Leasehold |
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 September 2007 the House Price Index for TYNE AND WEAR was 95.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.257%.Applying this 57.257% change to the original purchase price of £72,000 results in an estimated price of approximately £113,225.
| 18 Sep 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 149.7 | 57.257 % | £72,000 | £41,225 | £113,225 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 49.171 % | £35,403 | £107,403 |
| 3 Month Average | 25.869 % | £18,625 | £90,625 |
| 6 Month Average | 11.098 % | £7,990 | £79,990 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £92,853 | £90,000 | 84 PROSPECT AVENUE NORTH |
| 5 Dec 2023 | £165,021 | £159,950 | 10 TYNEDALE AVENUE |
| 29 Sep 2023 | £118,615 | £116,000 | 8 MULLEN ROAD |
| 1 Sep 2023 | £143,156 | £140,000 | 51 TYNEDALE AVENUE |
| 1 Sep 2023 | £163,607 | £160,000 | 120 HIGH VIEW NORTH |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Prospect Avenue North | |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Prospect Avenue North |
| Jun 2024 | Anti-social behaviour | On or near Prospect Avenue North | |
| Jul 2024 | Anti-social behaviour | On or near Weardale Avenue | |
| Jun 2024 | Possession of weapons | Awaiting court outcome | On or near Weardale Avenue |