£227,976
This estimated value is based upon the latest sale price for the house of £169,950 on 20 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£169,950 | 20 Jul 2016 |
£80,000 | 23 Nov 2000 |
£35,000 | 24 Jun 1996 |
Semi-Detached |
Freehold |
Floor Area: 104 sq meters or 1,119 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £169,950 results in an estimated price of approximately £227,976.
20 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 149.7 | 34.143 % | £169,950 | £58,026 | £227,976 |
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 | 54.461 % | £92,556 | £262,506 |
3 Month Average | 29.797 % | £50,640 | £220,590 |
6 Month Average | 18.249 % | £31,014 | £200,964 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Mar 2024 | £142,185 | £140,000 | 1040 SHIELDS ROAD |
3 Nov 2023 | £179,558 | £175,000 | 1074 - 1076 SHIELDS ROAD |
29 Jul 2022 | £267,682 | £265,000 | 44 OAKTREE AVENUE |
26 Nov 2021 | £103,504 | £95,000 | 259 HIGH STREET WEST |
16 Nov 2021 | £94,788 | £87,000 | 255 HIGH STREET WEST |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 18 Feb 2016. Using an estimated price of £227,977 means this house is valued at £2,192 per sq meter (£203 per sq foot).
The average size of a house on LILIAN AVENUE is 119 sq meters (1,287 sq feet).
This house is the largest in the street with a floor area of 104 sq meters (1,119 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Oaktree Avenue |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cedarwood Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Greenwood Avenue |
May 2024 | Violence and sexual offences | Under investigation | On or near Greenwood Avenue |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greenwood Avenue |