£188,275
This estimated value is based upon the latest sale price for the house of £82,500 on 29 Sep 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 |
---|---|
£82,500 | 29 Sep 2003 |
Terraced |
Freehold |
Floor Area: 141 sq meters or 1,519 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 September 2003 the House Price Index for TYNE AND WEAR was 65.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 128.213%.Applying this 128.213% change to the original purchase price of £82,500 results in an estimated price of approximately £188,275.
29 Sep 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
65.1 | 148.6 | 128.213 % | £82,500 | £105,775 | £188,275 |
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 | 102.923 % | £84,911 | £167,411 |
3 Month Average | 81.975 % | £67,629 | £150,129 |
6 Month Average | 105.294 % | £86,867 | £169,367 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Nov 2023 | £119,773 | £118,000 | 6 NITHDALE CLOSE |
29 Sep 2023 | £106,360 | £105,000 | 12 NITHDALE CLOSE |
20 Mar 2023 | £103,475 | £102,500 | 5 WILBERFORCE STREET |
6 Mar 2023 | £151,931 | £150,500 | 39 THE AVENUE |
20 May 2022 | £84,594 | £83,000 | 24B THE AVENUE |
This house has a floor area of 141 sq meters or 1,519 sq feet when measured on 2 Mar 2012. Using an estimated price of £188,276 means this house is valued at £1,333 per sq meter (£123 per sq foot).
The average size of a house on THE AVENUE is 87 sq meters (939 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Awaiting court outcome | On or near The Avenue |