£261,868
This estimated value is based upon the latest sale price for the house of £195,000 on 20 May 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 |
|---|---|
| £195,000 | 20 May 2016 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £195,000 results in an estimated price of approximately £261,868.
| 20 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £195,000 | £66,868 | £261,868 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -26.570 % | £-51,810 | £143,189 |
| 3 Month Average | 5.590 % | £10,899 | £205,899 |
| 6 Month Average | 44.146 % | £86,084 | £281,084 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £155,000 | £155,000 | 35 MARKET LANE |
| 8 Dec 2023 | £295,164 | £290,000 | BELGRAVIA DUNSTON BANK |
| 21 Sep 2023 | £162,072 | £160,000 | 12 MARKET LANE |
| 16 Aug 2023 | £216,897 | £215,000 | 38 HILLCREST DRIVE |
| 21 Jul 2023 | £297,763 | £293,755 | TREEN DUNSTON BANK |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 8 Aug 2015. Using an estimated price of £261,868 means this house is valued at £2,470 per sq meter (£229 per sq foot).
The average size of a house on PARK AVENUE is 139 sq meters (1,499 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Park Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dunston Bank |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Dunston Bank |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Dunston Bank |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hillside |