£271,815
This estimated value is based upon the latest sale price for the house of £220,000 on 21 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £220,000 | 21 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £220,000 results in an estimated price of approximately £271,815.
| 21 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £220,000 | £51,815 | £271,815 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -47.198 % | £-103,835 | £116,164 |
| 3 Month Average | 7.933 % | £17,452 | £237,452 |
| 6 Month Average | 4.511 % | £9,924 | £229,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £436,069 | £425,000 | 22 SHORESTONE AVENUE |
| 31 Mar 2023 | £686,464 | £675,000 | 6 AMBLE AVENUE |
| 13 Feb 2023 | £362,421 | £360,000 | 19 BURNSIDE ROAD |
| 12 Jul 2022 | £326,269 | £323,000 | 12 SHORESTONE AVENUE |
| 7 Jul 2022 | £383,846 | £380,000 | 20 AMBLE AVENUE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 12 Jun 2019. Using an estimated price of £271,815 means this house is valued at £2,922 per sq meter (£271 per sq foot).
The average size of a house on BURNSIDE ROAD is 116 sq meters (1,249 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Burnside Road |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Shorestone Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burnside Road |
| May 2024 | Anti-social behaviour | On or near Burnside Road | |
| May 2024 | Anti-social behaviour | On or near Burnside Road |