£659,721
This estimated value is based upon the latest sale price for the house of £410,000 on 20 Jan 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £410,000 | 20 Jan 2014 |
| £102,750 | 15 Dec 1995 |
| Terraced |
| Freehold |
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 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £410,000 results in an estimated price of approximately £659,721.
| 20 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 149.7 | 60.908 % | £410,000 | £249,721 | £659,721 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 83.238 % | £341,274 | £751,274 |
| 3 Month Average | 47.431 % | £194,467 | £604,467 |
| 6 Month Average | 36.375 % | £149,139 | £559,139 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £1,124,795 | £1,100,000 | 27 MITCHELL AVENUE |
| 15 Sep 2023 | £1,073,668 | £1,050,000 | 25 MITCHELL AVENUE |
| 14 Aug 2023 | £527,922 | £518,400 | 9 JESMOND DENE ROAD |
| 27 Apr 2023 | £891,678 | £875,000 | 18 TOWERS AVENUE |
| 14 Oct 2022 | £724,580 | £727,000 | 13 TOWERS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Towers Avenue | |
| May 2024 | Anti-social behaviour | On or near Towers Avenue | |
| May 2024 | Anti-social behaviour | On or near Towers Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Honister Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Honister Avenue |