£85,379
This estimated value is based upon the latest sale price for the house of £70,000 on 7 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£70,000 | 7 Jan 2020 |
£65,000 | 4 May 2011 |
£41,000 | 22 Dec 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 667 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £70,000 results in an estimated price of approximately £85,379.
7 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £70,000 | £15,379 | £85,379 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 1.242 % | £869 | £70,869 |
3 Month Average | -0.701 % | £-491 | £69,508 |
6 Month Average | 5.415 % | £3,790 | £73,790 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Sep 2023 | £53,940 | £53,250 | 137 HOLLY AVENUE |
30 Aug 2023 | £93,821 | £93,000 | 18 OAK GROVE |
7 Jul 2023 | £77,037 | £76,000 | 264 HIGH STREET EAST |
23 Jan 2023 | £49,766 | £50,000 | 156 HOLLY AVENUE |
2 Aug 2022 | £144,611 | £145,000 | 228 HIGH STREET EAST |
This house has a floor area of 61 sq meters or 667 sq feet when measured on 6 Oct 2010. Using an estimated price of £85,380 means this house is valued at £1,377 per sq meter (£127 per sq foot).
The average size of a house on HOLLY AVENUE is 71 sq meters (770 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Oak Grove |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Oak Grove |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Oak Grove |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Oak Grove |
Apr 2024 | Anti-social behaviour | On or near Willow Grove |