£572,671
This estimated value is based upon the latest sale price for the house of £350,000 on 4 Oct 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £350,000 | 4 Oct 2013 |
| £115,000 | 30 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 182 sq meters or 1,959 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 October 2013 the House Price Index for TYNE AND WEAR was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £350,000 results in an estimated price of approximately £572,671.
| 4 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £350,000 | £222,671 | £572,671 |
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 | 22.783 % | £79,739 | £429,739 |
| 3 Month Average | 33.923 % | £118,730 | £468,730 |
| 6 Month Average | 21.232 % | £74,312 | £424,312 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £253,238 | £250,000 | FLAT 1 47 OSBORNE ROAD |
| 6 Jul 2023 | £217,933 | £215,000 | 21A OSBORNE ROAD |
| 3 Jul 2023 | £522,026 | £515,000 | 1 LILY AVENUE |
| 27 Feb 2023 | £521,649 | £522,000 | 2 MISTLETOE ROAD |
| 14 Sep 2022 | £322,397 | £325,000 | 49D OSBORNE ROAD |
This house has a floor area of 182 sq meters or 1,959 sq feet when measured on 6 Jun 2013. Using an estimated price of £572,672 means this house is valued at £3,146 per sq meter (£292 per sq foot).
The average size of a house on LILY AVENUE is 165 sq meters (1,779 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Mistletoe Road | |
| Feb 2024 | Anti-social behaviour | On or near Mistletoe Road | |
| Jan 2024 | Drugs | Awaiting court outcome | On or near Mistletoe Road |