£140,058
This estimated value is based upon the latest sale price for the house of £30,000 on 9 Nov 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £30,000 | 9 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.861%.Applying this 366.861% change to the original purchase price of £30,000 results in an estimated price of approximately £140,058.
| 9 Nov 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.861 % | £30,000 | £110,058 | £140,058 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -53.488 % | £-16,046 | £13,953 |
| 3 Month Average | 71.436 % | £21,430 | £51,430 |
| 6 Month Average | 73.619 % | £22,085 | £52,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £116,287 | £114,500 | 65 OXFORD AVENUE |
| 15 Dec 2023 | £158,366 | £153,500 | 39 OXFORD AVENUE |
| 25 Aug 2023 | £152,755 | £150,000 | 45 ST ANDREWS AVENUE |
| 11 Aug 2023 | £226,078 | £222,000 | 48 WELL BANK ROAD |
| 27 Jun 2023 | £132,658 | £130,000 | 23 BRISTOL AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 4 May 2013. Using an estimated price of £140,058 means this house is valued at £1,687 per sq meter (£156 per sq foot).
The average size of a house on BRISTOL AVENUE is 103 sq meters (1,115 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bristol Avenue |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Oxford Avenue |
| Jun 2024 | Public order | Under investigation | On or near Cambridge Avenue |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cambridge Avenue |
| Jul 2024 | Anti-social behaviour | On or near London Avenue |