£85,617
This estimated value is based upon the latest sale price for the house of £22,850 on 7 Jul 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£22,850 | 7 Jul 2000 |
£15,000 | 17 Sep 1999 |
£13,500 | 29 Jan 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 673 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 July 2000 the House Price Index for TYNE AND WEAR was 40.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 274.694%.Applying this 274.694% change to the original purchase price of £22,850 results in an estimated price of approximately £85,617.
7 Jul 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
40.0 | 149.7 | 274.694 % | £22,850 | £62,767 | £85,617 |
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 | 154.824 % | £35,377 | £58,227 |
3 Month Average | 234.034 % | £53,476 | £76,326 |
6 Month Average | 247.481 % | £56,549 | £79,399 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2024 | £97,850 | £97,000 | 22 GLENDOWER AVENUE |
13 Mar 2024 | £88,358 | £87,000 | 7 FALSTAFF ROAD |
13 Mar 2024 | £88,358 | £87,000 | 5 FALSTAFF ROAD |
19 Dec 2023 | £361,096 | £350,000 | 65 LANGLEY ROAD |
15 Dec 2023 | £125,352 | £121,500 | 39 LANGLEY ROAD |
This house has a floor area of 62 sq meters or 673 sq feet when measured on 28 Apr 2009. Using an estimated price of £85,618 means this house is valued at £1,368 per sq meter (£127 per sq foot).
The average size of a house on VERNE ROAD is 72 sq meters (778 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Glendower Avenue |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Glendower Avenue |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Glendower Avenue |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Glendower Avenue |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Glendower Avenue |