£478,917
This estimated value is based upon the latest sale price for the house of £385,000 on 4 Jun 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 |
---|---|
£385,000 | 4 Jun 2018 |
£385,000 | 4 Jun 2018 |
Detached |
Leasehold |
Floor Area: 208 sq meters or 2,238 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £385,000 results in an estimated price of approximately £478,917.
4 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 148.6 | 24.394 % | £385,000 | £93,917 | £478,917 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -32.623 % | £-125,598 | £259,401 |
3 Month Average | 8.670 % | £33,379 | £418,379 |
6 Month Average | 28.122 % | £108,268 | £493,268 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jul 2023 | £334,502 | £330,000 | 6 CAYNHAM CLOSE |
7 Jul 2023 | £430,798 | £425,000 | 16 LUDLOW AVENUE |
16 Sep 2022 | £332,316 | £335,000 | 12 TENBURY CRESCENT |
5 Aug 2022 | £400,422 | £401,500 | 8 TENBURY CRESCENT |
14 Apr 2022 | £249,726 | £242,500 | 9 LUDLOW AVENUE |
This house has a floor area of 208 sq meters or 2,238 sq feet when measured on 14 Mar 2018. Using an estimated price of £478,918 means this house is valued at £2,302 per sq meter (£213 per sq foot).
The average size of a house on ABBOTS WAY is 114 sq meters (1,229 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wenlock Drive |
Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Ludlow Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Cleehill Drive |
Mar 2024 | Public order | Under investigation | On or near Kelso Drive |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Kelso Drive |