£158,589
This estimated value is based upon the latest sale price for the house of £157,000 on 5 Jul 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£157,000 | 5 Jul 2022 |
£105,000 | 23 Dec 2013 |
£104,000 | 20 Aug 2004 |
£20,000 | 23 Apr 1997 |
Semi-Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £157,000 results in an estimated price of approximately £158,589.
5 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.2 | 149.7 | 1.012 % | £157,000 | £1,589 | £158,589 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -6.968 % | £-10,939 | £146,060 |
3 Month Average | -12.935 % | £-20,307 | £136,692 |
6 Month Average | -3.859 % | £-6,057 | £150,942 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £38,579 | £37,600 | 15 PALMER CRESCENT |
10 Nov 2023 | £92,293 | £89,950 | 4 BONNAR COURT |
8 Sep 2023 | £66,465 | £65,000 | 22 BONNAR COURT |
20 Jan 2023 | £165,442 | £165,000 | 25 WITTY AVENUE |
13 Jan 2023 | £64,171 | £64,000 | 7 BONNAR COURT |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 27 Aug 2013. Using an estimated price of £158,589 means this house is valued at £1,802 per sq meter (£167 per sq foot).
The average size of a house on KINGS AVENUE is 113 sq meters (1,224 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Robbery | Investigation complete; no suspect identified | On or near Civic Court |
May 2024 | Drugs | Under investigation | On or near Civic Court |
Jun 2024 | Other theft | Under investigation | On or near Kings Avenue |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Kings Avenue |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Kings Avenue |