£315,611
This estimated value is based upon the latest sale price for the house of £250,000 on 21 Mar 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 21 Mar 2018 |
| £64,000 | 21 Jan 2000 |
| Freehold |
| Floor Area: 59 sq meters or 635 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 March 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £250,000 results in an estimated price of approximately £315,611.
| 21 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £250,000 | £65,611 | £315,611 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 11.009 % | £27,522 | £277,522 |
| 3 Month Average | 28.260 % | £70,648 | £320,648 |
| 6 Month Average | 35.297 % | £88,243 | £338,243 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £85,745 | £85,000 | 10 PARK VIEW COURT |
| 15 Mar 2024 | £111,716 | £110,000 | 179A PARK VIEW |
| 20 Oct 2023 | £112,556 | £110,000 | 7 PARK VIEW COURT |
| 13 Mar 2023 | £254,195 | £249,950 | 50B MARINE AVENUE |
| 31 Jan 2023 | £596,594 | £595,000 | 14 THE AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 8 Nov 2013. Using an estimated price of £315,612 means this house is valued at £5,349 per sq meter (£496 per sq foot).
The average size of a house on PARK VIEW is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Avenue |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Marine Avenue |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Marine Avenue |
| Jun 2024 | Anti-social behaviour | On or near Marine Avenue |