£283,650
This estimated value is based upon the latest sale price for the house of £225,000 on 20 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £225,000 | 20 Nov 2017 |
| 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £225,000 results in an estimated price of approximately £283,650.
| 20 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £225,000 | £58,650 | £283,650 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 25.272 % | £56,862 | £281,862 |
| 3 Month Average | 10.603 % | £23,857 | £248,857 |
| 6 Month Average | 8.165 % | £18,371 | £243,371 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £431,387 | £425,000 | 22 SHORESTONE AVENUE |
| 11 Aug 2023 | £343,001 | £340,000 | 34 HOUGHTON AVENUE |
| 14 Apr 2023 | £303,265 | £300,000 | 46 HOUGHTON AVENUE |
| 31 Mar 2023 | £681,420 | £675,000 | 6 AMBLE AVENUE |
| 13 Feb 2023 | £359,758 | £360,000 | 19 BURNSIDE ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 23 Aug 2017. Using an estimated price of £283,651 means this house is valued at £3,223 per sq meter (£299 per sq foot).
The average size of a house on SHORESTONE AVENUE is 123 sq meters (1,331 sq feet).
This house is the smallest in the street with a floor area of 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Shorestone Avenue |
| Feb 2024 | Anti-social behaviour | On or near Amble Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Amble Avenue | |
| Mar 2024 | Burglary | Under investigation | On or near Burnside Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Burnside Road |