£112,479
This estimated value is based upon the latest sale price for the house of £110,000 on 15 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£110,000 | 15 Sep 2023 |
£103,000 | 29 Aug 2007 |
£62,000 | 11 Feb 2004 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 759 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £110,000 results in an estimated price of approximately £112,479.
15 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.4 | 149.7 | 2.254 % | £110,000 | £2,479 | £112,479 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -77.922 % | £-85,714 | £24,285 |
3 Month Average | 4.527 % | £4,979 | £114,979 |
6 Month Average | 2.124 % | £2,336 | £112,336 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Nov 2023 | £138,516 | £135,000 | 33 MORVEN LEA |
4 Oct 2023 | £95,673 | £93,500 | 14 LANERCOST AVENUE |
15 Sep 2023 | £112,480 | £110,000 | 13 TWIZELL AVENUE |
7 Jun 2023 | £127,556 | £125,000 | 35 TWIZELL AVENUE |
7 Jun 2023 | £119,393 | £117,000 | 49 MORVEN LEA |
This house has a floor area of 70 sq meters or 759 sq feet when measured on 8 Oct 2010. Using an estimated price of £112,480 means this house is valued at £1,593 per sq meter (£148 per sq foot).
The average size of a house on TWIZELL AVENUE is 87 sq meters (943 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Other theft | Awaiting court outcome | On or near Daffodil Close |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Daffodil Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Daffodil Close |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Tynebank |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Tynebank |