£1,017,959
This estimated value is based upon the latest sale price for the house of £680,000 on 23 Jan 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £680,000 | 23 Jan 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 176 sq meters or 1,894 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 January 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £680,000 results in an estimated price of approximately £1,017,959.
| 23 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £680,000 | £337,959 | £1,017,959 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 78.160 % | £531,490 | £1,211,490 |
| 3 Month Average | 51.493 % | £350,151 | £1,030,151 |
| 6 Month Average | 42.723 % | £290,515 | £970,515 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £712,857 | £700,000 | 229 OSBORNE ROAD |
| 1 Jun 2023 | £688,804 | £675,000 | 224 OSBORNE ROAD |
| 27 Apr 2023 | £891,678 | £875,000 | 18 TOWERS AVENUE |
| 14 Oct 2022 | £724,580 | £727,000 | 13 TOWERS AVENUE |
| 8 Sep 2022 | £629,579 | £630,000 | 20 TOWERS AVENUE |
This house has a floor area of 176 sq meters or 1,894 sq feet when measured on 25 Sep 2014. Using an estimated price of £1,017,960 means this house is valued at £5,783 per sq meter (£537 per sq foot).
The average size of a house on MITCHELL AVENUE is 271 sq meters (2,921 sq feet).
This house is the smallest in the street with a floor area of 176 sq meters (1,894 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| Jun 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| Jun 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| Jun 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| Jun 2024 | Anti-social behaviour | On or near Myrtle Grove |