£179,975
This estimated value is based upon the latest sale price for the house of £125,000 on 21 Aug 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 |
|---|---|
| £125,000 | 21 Aug 2015 |
| £132,000 | 24 Feb 2006 |
| £54,250 | 20 Apr 2001 |
| £44,000 | 26 Feb 1999 |
| £42,000 | 13 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2015 the House Price Index for TYNE AND WEAR was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £125,000 results in an estimated price of approximately £179,975.
| 21 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £125,000 | £54,975 | £179,975 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 51.473 % | £64,341 | £189,341 |
| 3 Month Average | 33.489 % | £41,860 | £166,860 |
| 6 Month Average | 16.184 % | £20,230 | £145,230 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £159,914 | £155,000 | 174 PARK ROAD |
| 3 Nov 2023 | £52,328 | £51,000 | 20 HAWTHORNE GROVE |
| 29 Aug 2023 | £135,443 | £133,000 | 156 PARK ROAD |
| 1 Aug 2023 | £193,490 | £190,000 | 77 LABURNUM AVENUE |
| 30 Jun 2023 | £89,034 | £87,250 | 116 WOODBINE AVENUE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 21 Nov 2014. Using an estimated price of £179,976 means this house is valued at £2,117 per sq meter (£196 per sq foot).
The average size of a house on LABURNUM AVENUE is 128 sq meters (1,388 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Laburnum Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Laburnum Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Laburnum Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hawthorn Grove |
| Apr 2024 | Violence and sexual offences | Local resolution | On or near Hawthorn Grove |