£162,683
This estimated value is based upon the latest sale price for the house of £133,000 on 27 May 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 |
|---|---|
| £133,000 | 27 May 2020 |
| £117,000 | 5 May 2017 |
| £51,850 | 15 Feb 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £133,000 results in an estimated price of approximately £162,683.
| 27 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £133,000 | £29,683 | £162,683 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 36.067 % | £47,968 | £180,968 |
| 3 Month Average | 38.264 % | £50,891 | £183,891 |
| 6 Month Average | 40.269 % | £53,557 | £186,557 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £99,269 | £98,000 | 40 CRAGSIDE AVENUE |
| 1 Sep 2023 | £177,267 | £175,000 | 61 NETHERTON AVENUE |
| 28 Jul 2023 | £182,456 | £180,000 | 52 LYNN ROAD |
| 26 Jun 2023 | £172,084 | £170,000 | 21 NETHERTON AVENUE |
| 20 Jan 2023 | £179,156 | £180,000 | 23 CRAGSIDE AVENUE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 15 Jan 2013. Using an estimated price of £162,683 means this house is valued at £1,807 per sq meter (£167 per sq foot).
The average size of a house on NETHERTON AVENUE is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Netherton Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Netherton Avenue |
| Apr 2024 | Public order | Under investigation | On or near Netherton Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Netherton Avenue |
| Apr 2024 | Shoplifting | Under investigation | On or near Netherton Avenue |