£243,628
This estimated value is based upon the latest sale price for the house of £57,500 on 29 Sep 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 |
---|---|
£57,500 | 29 Sep 1999 |
Semi-Detached |
Freehold |
Floor Area: 106 sq meters or 1,140 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 September 1999 the House Price Index for TYNE AND WEAR was 35.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 323.703%.Applying this 323.703% change to the original purchase price of £57,500 results in an estimated price of approximately £243,628.
29 Sep 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
35.3 | 149.7 | 323.703 % | £57,500 | £186,128 | £243,628 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 132.200 % | £76,015 | £133,515 |
3 Month Average | 240.705 % | £138,405 | £195,905 |
6 Month Average | 264.077 % | £151,844 | £209,344 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Aug 2023 | £285,143 | £280,000 | 43 APPLEBY PARK |
17 Apr 2023 | £315,909 | £310,000 | 50 FERN AVENUE |
21 Mar 2023 | £241,534 | £237,500 | 32 FERN AVENUE |
15 Mar 2023 | £237,974 | £234,000 | 3 GLENDALE GROVE |
25 Jan 2023 | £250,670 | £250,000 | 12 KIMBERLEY AVENUE |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 22 Aug 2017. Using an estimated price of £243,629 means this house is valued at £2,298 per sq meter (£213 per sq foot).
The average size of a house on FERN AVENUE is 93 sq meters (1,005 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Public order | Investigation complete; no suspect identified | On or near Lansdowne Terrace West |
Jun 2024 | Burglary | Under investigation | On or near Hawkey'S Lane |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hawkey'S Lane |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hawkey'S Lane |
May 2024 | Violence and sexual offences | Under investigation | On or near Hawkey'S Lane |