£297,708
This estimated value is based upon the latest sale price for the house of £292,500 on 11 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £292,500 | 11 Dec 2023 |
| £153,000 | 23 Sep 2005 |
| £79,000 | 30 Apr 1999 |
| £58,500 | 30 Jun 1997 |
| Flats/Maisonettes |
| Leasehold |
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 December 2023 the House Price Index for TYNE AND WEAR was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £292,500 results in an estimated price of approximately £297,708.
| 11 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.0 | 148.6 | 1.781 % | £292,500 | £5,208 | £297,708 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 157.808 % | £461,589 | £754,089 |
| 3 Month Average | 15.057 % | £44,040 | £336,540 |
| 6 Month Average | -7.256 % | £-21,223 | £271,276 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £297,709 | £292,500 | 20A TREHERNE ROAD |
| 1 Nov 2023 | £380,635 | £375,000 | 12 LITTLE DENE LODORE ROAD |
| 17 Aug 2023 | £403,530 | £400,000 | 44 KINGSWOOD AVENUE |
| 7 Aug 2023 | £219,924 | £218,000 | 34 ALBEMARLE AVENUE |
| 4 Apr 2023 | £454,898 | £450,000 | 4 LITTLE DENE LODORE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Albemarle Avenue |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Albemarle Avenue |