£242,721
This estimated value is based upon the latest sale price for the house of £56,000 on 2 Jul 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £56,000 | 2 Jul 1999 |
| £48,500 | 6 Dec 1996 |
| Semi-Detached |
| Freehold |
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 July 1999 the House Price Index for TYNE AND WEAR was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £56,000 results in an estimated price of approximately £242,721.
| 2 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £56,000 | £186,721 | £242,721 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 142.532 % | £79,817 | £135,817 |
| 3 Month Average | 209.099 % | £117,095 | £173,095 |
| 6 Month Average | 224.849 % | £125,915 | £181,915 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £207,655 | £205,000 | 10 COLERIDGE AVENUE |
| 25 Aug 2023 | £283,480 | £281,000 | 8 ONSLOW GARDENS |
| 3 Feb 2023 | £325,781 | £326,000 | 1 ONSLOW GARDENS |
| 8 Jul 2022 | £128,847 | £128,500 | 1 JESSEL STREET |
| 20 May 2022 | £250,724 | £246,000 | 50 COLERIDGE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Coleridge Avenue |
| Mar 2024 | Other crime | Awaiting court outcome | On or near Coleridge Avenue |
| Apr 2024 | Public order | Under investigation | On or near Westmorland Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Myrtle Grove |
| Mar 2024 | Public order | Under investigation | On or near Belle Vue Bank |