£261,765
This estimated value is based upon the latest sale price for the house of £59,950 on 2 Jul 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £59,950 | 2 Jul 1999 |
| £44,500 | 9 Jan 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 July 1999 the House Price Index for TYNE AND WEAR was 34.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 336.640%.Applying this 336.640% change to the original purchase price of £59,950 results in an estimated price of approximately £261,765.
| 2 Jul 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 149.7 | 336.640 % | £59,950 | £201,815 | £261,765 |
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 | 320.644 % | £192,226 | £252,176 |
| 3 Month Average | 333.939 % | £200,196 | £260,146 |
| 6 Month Average | 345.584 % | £207,177 | £267,127 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £150,000 | £150,000 | 62 CAMBRIDGE AVENUE |
| 16 Oct 2023 | £179,067 | £175,000 | 3 CAMBRIDGE AVENUE |
| 11 Sep 2023 | £176,900 | £173,000 | 96 CAMBRIDGE AVENUE |
| 1 Jun 2023 | £137,761 | £135,000 | FIRST FLOOR FLAT 60 PARK AVENUE |
| 9 Mar 2023 | £602,563 | £592,500 | 1 ROXBURGH TERRACE |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 25 Aug 2021. Using an estimated price of £261,766 means this house is valued at £1,983 per sq meter (£184 per sq foot).
The average size of a house on PARK AVENUE is 140 sq meters (1,508 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Parking Area |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
| Jul 2024 | Vehicle crime | Under investigation | On or near Parking Area |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |