£620,102
This estimated value is based upon the latest sale price for the house of £130,000 on 22 Apr 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 22 Apr 1998 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 April 1998 the House Price Index for TYNE AND WEAR was 31.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 377.002%.Applying this 377.002% change to the original purchase price of £130,000 results in an estimated price of approximately £620,102.
| 22 Apr 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.4 | 149.7 | 377.002 % | £130,000 | £490,102 | £620,102 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 275.958 % | £358,744 | £488,744 |
| 3 Month Average | 338.982 % | £440,677 | £570,677 |
| 6 Month Average | 370.143 % | £481,185 | £611,185 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £85,745 | £85,000 | 10 PARK VIEW COURT |
| 6 Mar 2024 | £380,851 | £375,000 | 37 BIDEFORD GARDENS |
| 20 Oct 2023 | £112,556 | £110,000 | 7 PARK VIEW COURT |
| 13 Mar 2023 | £254,195 | £249,950 | 50B MARINE AVENUE |
| 10 Aug 2022 | £200,940 | £200,000 | 52B MARINE AVENUE |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 21 Sep 2012. Using an estimated price of £620,103 means this house is valued at £5,637 per sq meter (£523 per sq foot).
The average size of a house on MARINE AVENUE is 217 sq meters (2,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Public order | Under investigation | On or near Balmoral Gardens |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Marine Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Marine Avenue |
| Jun 2024 | Anti-social behaviour | On or near Marine Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Marine Avenue |