£152,904
This estimated value is based upon the latest sale price for the house of £114,000 on 5 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £114,000 | 5 Aug 2016 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £114,000 results in an estimated price of approximately £152,904.
| 5 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £114,000 | £38,904 | £152,904 |
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 | -14.174 % | £-16,158 | £97,841 |
| 3 Month Average | 26.851 % | £30,609 | £144,609 |
| 6 Month Average | 29.726 % | £33,887 | £147,887 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £148,268 | £145,000 | 12 CENTRAL AVENUE |
| 8 Sep 2023 | £108,389 | £106,000 | 71 VERNE ROAD |
| 8 Sep 2023 | £108,389 | £106,000 | 69 VERNE ROAD |
| 14 Feb 2023 | £67,451 | £67,000 | 84 BALKWELL GREEN |
| 8 Jul 2022 | £141,417 | £140,000 | 15 CENTRAL AVENUE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 15 May 2015. Using an estimated price of £152,904 means this house is valued at £2,066 per sq meter (£191 per sq foot).
The average size of a house on CENTRAL AVENUE is 86 sq meters (928 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Central Avenue |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Central Avenue |
| May 2024 | Anti-social behaviour | On or near Central Avenue | |
| May 2024 | Anti-social behaviour | On or near Central Avenue | |
| May 2024 | Anti-social behaviour | On or near Central Avenue |