£562,543
This estimated value is based upon the latest sale price for the house of £387,387 on 26 Jun 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 |
|---|---|
| £387,387 | 26 Jun 2015 |
| Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,679 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 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £387,387 results in an estimated price of approximately £562,543.
| 26 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £387,387 | £175,156 | £562,543 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -49.866 % | £-193,175 | £194,211 |
| 3 Month Average | 5.812 % | £22,514 | £409,901 |
| 6 Month Average | 16.665 % | £64,559 | £451,946 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £396,945 | £390,000 | 16 BERKLEY AVENUE |
| 11 Dec 2023 | £391,856 | £385,000 | 5 CLAVERING WAY |
| 11 Aug 2023 | £358,133 | £355,000 | 19 WESTERN WAY |
| 27 Jul 2023 | £357,309 | £352,500 | 5 NAPIER WAY |
| 13 Jan 2023 | £432,961 | £435,000 | 58 SHIBDON ROAD |
This house has a floor area of 156 sq meters or 1,679 sq feet when measured on 30 Apr 2015. Using an estimated price of £562,544 means this house is valued at £3,606 per sq meter (£335 per sq foot).
The average size of a house on BERKLEY AVENUE is 181 sq meters (1,954 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Clavering Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clavering Way |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Western Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Western Way |
| Apr 2024 | Possession of weapons | Under investigation | On or near Ashleigh Close |