£103,785
This estimated value is based upon the latest sale price for the house of £65,750 on 22 Feb 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,750 | 22 Feb 2008 |
| £65,750 | 22 Feb 2008 |
| £73,350 | 2 Aug 2005 |
| £54,000 | 27 Jan 2005 |
| £32,995 | 3 Oct 2002 |
| £26,000 | 19 May 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 February 2008 the House Price Index for TYNE AND WEAR was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £65,750 results in an estimated price of approximately £103,785.
| 22 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £65,750 | £38,035 | £103,785 |
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 | 74.851 % | £49,214 | £114,964 |
| 3 Month Average | 38.193 % | £25,111 | £90,861 |
| 6 Month Average | 20.239 % | £13,307 | £79,057 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £71,187 | £69,000 | 159 VINE STREET |
| 13 Oct 2023 | £75,362 | £73,650 | 82 HOLLY AVENUE |
| 1 Aug 2023 | £58,047 | £57,000 | 60 HOLLY AVENUE |
| 21 Apr 2023 | £95,282 | £93,500 | 100 LAUREL STREET |
| 22 Jul 2022 | £60,607 | £60,000 | 181 VINE STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 24 Jul 2020. Using an estimated price of £103,786 means this house is valued at £1,789 per sq meter (£166 per sq foot).
The average size of a house on HOLLY AVENUE is 71 sq meters (772 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Holly Avenue |
| Jul 2024 | Other theft | Under investigation | On or near Holly Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Holly Avenue |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Holly Avenue |
| Jul 2024 | Other theft | Under investigation | On or near Holly Avenue |