£84,793
This estimated value is based upon the latest sale price for the house of £15,000 on 7 May 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £15,000 | 7 May 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 May 1996 the House Price Index for TYNE AND WEAR was 26.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 465.290%.Applying this 465.290% change to the original purchase price of £15,000 results in an estimated price of approximately £84,793.
| 7 May 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 149.7 | 465.290 % | £15,000 | £69,793 | £84,793 |
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 | 177.853 % | £26,677 | £41,677 |
| 3 Month Average | 276.936 % | £41,540 | £56,540 |
| 6 Month Average | 290.711 % | £43,606 | £58,606 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £48,749 | £48,000 | 56 BRAHMAN AVENUE |
| 22 Nov 2023 | £128,256 | £125,000 | 74 BRAHMAN AVENUE |
| 13 Sep 2022 | £70,953 | £71,000 | 36 BRAHMAN AVENUE |
| 8 Apr 2022 | £124,491 | £120,000 | 219 WATERVILLE ROAD |
| 25 Mar 2022 | £62,636 | £60,000 | 38 BRAHMAN AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 13 Sep 2017. Using an estimated price of £84,793 means this house is valued at £1,413 per sq meter (£131 per sq foot).
The average size of a house on BANBURY WAY is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Brackley Grove |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Percy Main |
| Jul 2024 | Burglary | Under investigation | On or near Percy Main |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Percy Main |
| Jul 2024 | Anti-social behaviour | On or near Percy Main |