£872,092
This estimated value is based upon the latest sale price for the house of £350,000 on 6 Jan 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £350,000 | 6 Jan 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 191 sq meters or 2,055 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 2003 the House Price Index for TYNE AND WEAR was 60.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 149.169%.Applying this 149.169% change to the original purchase price of £350,000 results in an estimated price of approximately £872,092.
| 6 Jan 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 149.7 | 149.169 % | £350,000 | £522,092 | £872,092 |
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 | 125.493 % | £439,226 | £789,226 |
| 3 Month Average | 88.639 % | £310,236 | £660,236 |
| 6 Month Average | 93.330 % | £326,654 | £676,654 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £1,124,795 | £1,100,000 | 27 MITCHELL AVENUE |
| 15 Sep 2023 | £1,073,668 | £1,050,000 | 25 MITCHELL AVENUE |
| 12 Apr 2023 | £229,289 | £225,000 | 85 TAVISTOCK ROAD |
| 6 Jan 2023 | £701,875 | £700,000 | 184 OSBORNE ROAD |
| 2 Dec 2021 | £250,652 | £232,234 | 59 LONSDALE TERRACE |
This house has a floor area of 191 sq meters or 2,055 sq feet when measured on 1 Nov 2012. Using an estimated price of £872,092 means this house is valued at £4,565 per sq meter (£424 per sq foot).
The average size of a house on MITCHELL AVENUE is 271 sq meters (2,921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Towers Avenue | |
| May 2024 | Anti-social behaviour | On or near Towers Avenue | |
| May 2024 | Anti-social behaviour | On or near Towers Avenue | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tavistock Road |
| Apr 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Tavistock Road |