£179,196
This estimated value is based upon the latest sale price for the house of £110,000 on 16 Feb 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 |
|---|---|
| £110,000 | 16 Feb 2007 |
| £47,000 | 18 Aug 2003 |
| £40,000 | 24 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 February 2007 the House Price Index for TYNE AND WEAR was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £110,000 results in an estimated price of approximately £179,196.
| 16 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 148.6 | 62.906 % | £110,000 | £69,196 | £179,196 |
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 | 28.398 % | £31,237 | £141,237 |
| 3 Month Average | 34.988 % | £38,486 | £148,486 |
| 6 Month Average | 44.303 % | £48,733 | £158,733 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £91,352 | £90,000 | 9 MILL CLOSE |
| 21 Sep 2023 | £217,785 | £215,000 | 22 BILLY MILL AVENUE |
| 11 Aug 2023 | £183,606 | £182,000 | 20 DELAVAL AVENUE |
| 4 Aug 2023 | £150,315 | £149,000 | 18 ADDINGTON CRESCENT |
| 13 Jun 2023 | £177,146 | £175,000 | 12 DELAVAL AVENUE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 26 Jun 2013. Using an estimated price of £179,196 means this house is valued at £2,357 per sq meter (£219 per sq foot).
The average size of a house on CHIRTON LANE is 63 sq meters (680 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Eustace Avenue | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Eustace Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Eustace Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Eustace Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Delaval Avenue |