£151,493
This estimated value is based upon the latest sale price for the house of £120,000 on 2 Mar 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Salisbury Avenue
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Price Paid | Date |
---|---|
£120,000 | 2 Mar 2018 |
£110,000 | 14 Feb 2014 |
£122,950 | 12 May 2011 |
£118,000 | 7 Jan 2005 |
£38,000 | 24 Apr 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 640 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 March 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £120,000 results in an estimated price of approximately £151,493.
2 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 149.7 | 26.245 % | £120,000 | £31,493 | £151,493 |
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 | 1.211 % | £1,453 | £121,453 |
3 Month Average | 27.150 % | £32,579 | £152,579 |
6 Month Average | 20.954 % | £25,145 | £145,145 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £144,438 | £140,000 | 36 SALISBURY AVENUE |
20 Nov 2023 | £155,446 | £151,500 | 31 SALISBURY AVENUE |
17 Mar 2023 | £132,208 | £130,000 | 25 SALISBURY AVENUE |
3 Feb 2023 | £132,888 | £132,000 | 63 SALISBURY AVENUE |
3 Feb 2023 | £137,921 | £137,000 | 83 SALISBURY AVENUE |
This house has a floor area of 59 sq meters or 640 sq feet when measured on 7 Sep 2011. Using an estimated price of £151,494 means this house is valued at £2,547 per sq meter (£236 per sq foot).
The average size of a house on SALISBURY AVENUE is 70 sq meters (763 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Salisbury Avenue |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rosebery Avenue |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rosebery Avenue |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Woodlands |
Apr 2024 | Anti-social behaviour | On or near Woodlands |