£420,065
This estimated value is based upon the latest sale price for the house of £340,000 on 6 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £340,000 | 6 Jun 2019 |
| £156,500 | 29 Oct 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £340,000 results in an estimated price of approximately £420,065.
| 6 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £340,000 | £80,065 | £420,065 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 19.736 % | £67,103 | £407,103 |
| 3 Month Average | 4.735 % | £16,098 | £356,098 |
| 6 Month Average | 14.079 % | £47,868 | £387,868 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £330,391 | £325,500 | 9 ALVERSTONE AVENUE |
| 15 Sep 2023 | £57,738 | £57,000 | 4 BRECKEN COURT SALTWELL ROAD SOUTH |
| 11 Sep 2023 | £241,082 | £238,000 | 54 COLERIDGE AVENUE |
| 9 Aug 2023 | £39,344 | £39,000 | 3 BRECKEN COURT SALTWELL ROAD SOUTH |
| 7 Jul 2023 | £273,633 | £269,950 | 47 OTTERBURN GARDENS |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 29 Aug 2012. Using an estimated price of £420,066 means this house is valued at £4,773 per sq meter (£443 per sq foot).
The average size of a house on ALVERSTONE AVENUE is 138 sq meters (1,487 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Alverstone Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Grantham Drive |
| Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Grantham Drive |