£451,731
This estimated value is based upon the latest sale price for the house of £322,000 on 23 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £322,000 | 23 Nov 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 134 sq meters or 1,442 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 November 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £322,000 results in an estimated price of approximately £451,731.
| 23 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £322,000 | £129,731 | £451,731 |
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 | 35.613 % | £114,674 | £436,674 |
| 3 Month Average | 34.420 % | £110,832 | £432,832 |
| 6 Month Average | 37.879 % | £121,970 | £443,970 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £85,745 | £85,000 | 10 PARK VIEW COURT |
| 10 Apr 2024 | £262,278 | £260,000 | 9 COUNTESS AVENUE |
| 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 134 sq meters or 1,442 sq feet when measured on 3 Jul 2015. Using an estimated price of £451,732 means this house is valued at £3,371 per sq meter (£313 per sq foot).
| 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 | Burglary | Investigation complete; no suspect identified | On or near Marine Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Marine Avenue |
| Jun 2024 | Anti-social behaviour | On or near Marine Avenue |