£166,706
This estimated value is based upon the latest sale price for the house of £135,000 on 10 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£135,000 | 10 Sep 2018 |
£130,000 | 16 Jun 2006 |
£26,500 | 30 Jul 1996 |
Semi-Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 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 2018 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 23.487%.Applying this 23.487% change to the original purchase price of £135,000 results in an estimated price of approximately £166,706.
10 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.487 % | £135,000 | £31,706 | £166,706 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 9.689 % | £13,080 | £148,080 |
3 Month Average | 20.663 % | £27,894 | £162,894 |
6 Month Average | 14.397 % | £19,435 | £154,435 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £201,765 | £200,000 | 2 BELVEDERE AVENUE |
25 Aug 2023 | £211,853 | £210,000 | 23 DOWLING AVENUE |
28 Jun 2023 | £242,943 | £240,000 | 16 DOWLING AVENUE |
4 Jan 2023 | £194,583 | £195,500 | 5 CHESTNUT AVENUE |
20 Jul 2022 | £293,039 | £292,250 | 5 PRIORY AVENUE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 31 May 2018. Using an estimated price of £166,707 means this house is valued at £1,773 per sq meter (£164 per sq foot).
The average size of a house on CHESTNUT AVENUE is 97 sq meters (1,050 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chestnut Avenue |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Avenue |
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sycamore Avenue |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Priory Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Priory Avenue |