£201,774
This estimated value is based upon the latest sale price for the house of £130,000 on 7 Dec 2007. 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 | 7 Dec 2007 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 December 2007 the House Price Index for TYNE AND WEAR was 95.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.211%.Applying this 55.211% change to the original purchase price of £130,000 results in an estimated price of approximately £201,774.
| 7 Dec 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.7 | 148.6 | 55.211 % | £130,000 | £71,774 | £201,774 |
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 | 3.732 % | £4,852 | £134,852 |
| 3 Month Average | 20.473 % | £26,615 | £156,615 |
| 6 Month Average | 32.555 % | £42,321 | £172,321 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £146,878 | £145,000 | 12 CENTRAL AVENUE |
| 16 Aug 2023 | £169,483 | £168,000 | 23 ROXBY GARDENS |
| 14 Feb 2023 | £66,955 | £67,000 | 84 BALKWELL GREEN |
| 21 Nov 2022 | £54,342 | £55,000 | 62 THE QUADRANT |
| 8 Jul 2022 | £140,378 | £140,000 | 15 CENTRAL AVENUE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 24 Jul 2019. Using an estimated price of £201,775 means this house is valued at £2,123 per sq meter (£197 per sq foot).
The average size of a house on THE QUADRANT is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Quadrant |
| Mar 2024 | Public order | Under investigation | On or near The Quadrant |
| Jan 2024 | Public order | Under investigation | On or near The Quadrant |
| Jan 2024 | Public order | Under investigation | On or near The Quadrant |
| Apr 2024 | Vehicle crime | Under investigation | On or near Sunniside |