£475,629
This estimated value is based upon the latest sale price for the house of £385,000 on 23 Oct 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 |
---|---|
£385,000 | 23 Oct 2019 |
£275,000 | 17 Aug 2012 |
£246,000 | 22 Jul 2005 |
Semi-Detached |
Freehold |
Floor Area: 115 sq meters or 1,237 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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £385,000 results in an estimated price of approximately £475,629.
23 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.540 % | £385,000 | £90,629 | £475,629 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -15.627 % | £-60,165 | £324,834 |
3 Month Average | 12.896 % | £49,648 | £434,648 |
6 Month Average | 22.708 % | £87,424 | £472,424 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2023 | £445,109 | £435,000 | 25 MADEIRA AVENUE |
18 Aug 2023 | £422,622 | £415,000 | 13 RICHMOND TERRACE |
17 Apr 2023 | £606,341 | £595,000 | 22 HOBART |
24 Feb 2023 | £317,118 | £315,000 | 24 CLAREMONT ROAD |
16 Jan 2023 | £521,393 | £520,000 | 13 GRASMERE CRESCENT |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 23 May 2012. Using an estimated price of £475,629 means this house is valued at £4,135 per sq meter (£384 per sq foot).
The average size of a house on HOBART is 154 sq meters (1,667 sq feet).
This house is the smallest in the street with a floor area of 115 sq meters (1,237 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Hobart |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Madeira Avenue |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Madeira Avenue |
Jun 2024 | Other crime | Under investigation | On or near Shaftesbury Avenue |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Swinbourne Gardens |