£129,533
This estimated value is based upon the latest sale price for the house of £53,000 on 28 Mar 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £53,000 | 28 Mar 2003 |
| £34,950 | 5 Jun 2000 |
| £18,250 | 29 Sep 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 March 2003 the House Price Index for TYNE AND WEAR was 61.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 144.402%.Applying this 144.402% change to the original purchase price of £53,000 results in an estimated price of approximately £129,533.
| 28 Mar 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 149.7 | 144.402 % | £53,000 | £76,533 | £129,533 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 68.207 % | £36,149 | £89,149 |
| 3 Month Average | 162.315 % | £86,026 | £139,026 |
| 6 Month Average | 147.520 % | £78,185 | £131,185 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £91,797 | £91,000 | 4 THORNCLIFFE PLACE |
| 15 Dec 2023 | £113,436 | £109,950 | 1 RUTLAND PLACE |
| 23 Nov 2023 | £112,865 | £110,000 | 10 RUTLAND PLACE |
| 23 Oct 2023 | £279,344 | £273,000 | 45 LANSDOWNE TERRACE WEST |
| 3 Oct 2023 | £184,183 | £180,000 | 24 HIGHBURY PLACE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 20 Feb 2016. Using an estimated price of £129,533 means this house is valued at £2,272 per sq meter (£211 per sq foot).
The average size of a house on BILLY MILL AVENUE is 82 sq meters (886 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Rutland Place |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lyncroft Road |
| Jun 2024 | Other theft | Under investigation | On or near Lyncroft Road |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lyncroft Road |
| May 2024 | Anti-social behaviour | On or near Millbrook |