£459,017
This estimated value is based upon the latest sale price for the house of £380,000 on 14 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £380,000 | 14 Aug 2020 |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £380,000 results in an estimated price of approximately £459,017.
| 14 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £380,000 | £79,017 | £459,017 |
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 | 91.324 % | £347,029 | £727,029 |
| 3 Month Average | -1.234 % | £-4,689 | £375,310 |
| 6 Month Average | -8.705 % | £-33,078 | £346,921 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £425,697 | £422,000 | 15 HONISTER AVENUE |
| 28 Jul 2022 | £515,162 | £510,000 | 40 BEATTY AVENUE |
| 18 Feb 2022 | £512,382 | £485,000 | 38 BEATTY AVENUE |
| 14 Jan 2022 | £468,184 | £441,600 | 34 HONISTER AVENUE |
| 13 Jan 2022 | £535,400 | £505,000 | 14 BEATTY AVENUE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 7 Feb 2020. Using an estimated price of £459,018 means this house is valued at £3,825 per sq meter (£355 per sq foot).
The average size of a house on BEATTY AVENUE is 121 sq meters (1,311 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Woodthorne Road |