£356,540
This estimated value is based upon the latest sale price for the house of £265,000 on 3 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £265,000 | 3 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £265,000 results in an estimated price of approximately £356,540.
| 3 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £265,000 | £91,540 | £356,540 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 22.014 % | £58,337 | £323,337 |
| 3 Month Average | 26.611 % | £70,518 | £335,518 |
| 6 Month Average | 42.343 % | £112,208 | £377,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £445,109 | £435,000 | 25 MADEIRA AVENUE |
| 17 Apr 2023 | £606,341 | £595,000 | 22 HOBART |
| 24 Feb 2023 | £317,118 | £315,000 | 24 CLAREMONT ROAD |
| 16 Jan 2023 | £521,393 | £520,000 | 13 GRASMERE CRESCENT |
| 4 Mar 2022 | £519,357 | £497,500 | 18 MADEIRA AVENUE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 17 Sep 2015. Using an estimated price of £356,540 means this house is valued at £3,495 per sq meter (£324 per sq foot).
The average size of a house on MADEIRA AVENUE is 137 sq meters (1,476 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Madeira Avenue |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Madeira Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hobart |
| Jun 2024 | Other crime | Under investigation | On or near Shaftesbury Avenue |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Links Avenue |