£103,327
This estimated value is based upon the latest sale price for the house of £60,250 on 8 Nov 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,250 | 8 Nov 2010 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 November 2010 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.497%.Applying this 71.497% change to the original purchase price of £60,250 results in an estimated price of approximately £103,327.
| 8 Nov 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.497 % | £60,250 | £43,077 | £103,327 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 41.145 % | £24,789 | £85,039 |
| 3 Month Average | 44.416 % | £26,760 | £87,010 |
| 6 Month Average | 30.555 % | £18,409 | £78,659 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £308,950 | £305,000 | 37 HAIG AVENUE |
| 16 Feb 2023 | £306,794 | £307,000 | 52A HAIG AVENUE |
| 4 Jan 2023 | £194,583 | £195,500 | 5 CHESTNUT AVENUE |
| 1 Apr 2022 | £192,572 | £187,000 | 85 SYCAMORE AVENUE |
| 25 Mar 2022 | £5,181 | £5,000 | WHITLEY BAY BOYS CLUB HILLHEADS ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 3 Oct 2016. Using an estimated price of £103,327 means this house is valued at £922 per sq meter (£85 per sq foot).
The average size of a house on HILLHEADS ROAD is 91 sq meters (982 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near A191 |
| Apr 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near A191 |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near A191 |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near A191 |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near A191 |