£194,770
This estimated value is based upon the latest sale price for the house of £122,500 on 27 May 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £122,500 | 27 May 2008 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 80 sq meters or 869 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 2008 the House Price Index for TYNE AND WEAR was 93.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.996%.Applying this 58.996% change to the original purchase price of £122,500 results in an estimated price of approximately £194,770.
| 27 May 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.5 | 148.6 | 58.996 % | £122,500 | £72,270 | £194,770 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -7.868 % | £-9,637 | £112,862 |
| 3 Month Average | 23.956 % | £29,345 | £151,845 |
| 6 Month Average | 15.102 % | £18,499 | £140,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £86,277 | £85,000 | 7 FERNDALE TERRACE |
| 25 Aug 2023 | £184,111 | £182,500 | 3 WINDSOR TERRACE |
| 24 Aug 2023 | £157,377 | £156,000 | 2 FERNDALE TERRACE |
| 28 Jul 2023 | £121,637 | £120,000 | 9 SHELLEY AVENUE |
| 17 Apr 2023 | £146,578 | £145,000 | 4 FERNDALE TERRACE |
This house has a floor area of 80 sq meters or 869 sq feet when measured on 18 Mar 2011. Using an estimated price of £194,771 means this house is valued at £2,410 per sq meter (£223 per sq foot).
There is one other house on the street which we know the size of, this is 1 MILTON PLACE it is 80.43
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Shelley Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shelley Avenue |
| Apr 2024 | Other crime | Under investigation | On or near Fell Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fell Road |