£158,760
This estimated value is based upon the latest sale price for the house of £123,000 on 16 Jun 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£123,000 | 16 Jun 2017 |
£31,000 | 14 Jun 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 66 sq meters or 710 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 June 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £123,000 results in an estimated price of approximately £158,760.
16 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 149.7 | 29.074 % | £123,000 | £35,760 | £158,760 |
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 | -27.368 % | £-33,662 | £89,337 |
3 Month Average | 30.371 % | £37,356 | £160,356 |
6 Month Average | 28.311 % | £34,822 | £157,822 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Oct 2023 | £92,092 | £90,000 | 58 CLEVELAND AVENUE |
17 Mar 2023 | £139,327 | £137,000 | 22 CLEVELAND AVENUE |
20 Jan 2023 | £160,429 | £160,000 | 41 CLEVELAND AVENUE |
26 Aug 2022 | £156,733 | £156,000 | 32 CLEVELAND AVENUE |
1 Jul 2022 | £156,569 | £155,000 | 15 MILTON TERRACE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 1 Feb 2017. Using an estimated price of £158,761 means this house is valued at £2,405 per sq meter (£223 per sq foot).
The average size of a house on CLEVELAND AVENUE is 74 sq meters (806 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Milton Terrace |
Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
Jul 2024 | Burglary | Awaiting court outcome | On or near Supermarket |
Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |