£180,145
This estimated value is based upon the latest sale price for the house of £135,000 on 7 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,000 | 7 Oct 2016 |
| £135,000 | 4 Oct 2016 |
| £90,000 | 18 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £135,000 results in an estimated price of approximately £180,145.
| 7 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £135,000 | £45,145 | £180,145 |
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 | 29.276 % | £39,522 | £174,522 |
| 3 Month Average | 32.859 % | £44,359 | £179,359 |
| 6 Month Average | 31.197 % | £42,116 | £177,116 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2022 | £398,138 | £400,000 | 34 VICTORIA AVENUE |
| 6 Sep 2022 | £379,746 | £380,000 | 7 EMPIRE COURT ESPLANADE |
| 28 Jan 2022 | £371,069 | £350,000 | 6 EMPIRE COURT ESPLANADE |
| 7 Jan 2022 | £397,574 | £375,000 | 64 PERCY ROAD |
| 26 Nov 2021 | £408,570 | £375,000 | 51 VICTORIA AVENUE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 20 Jan 2015. Using an estimated price of £180,145 means this house is valued at £1,452 per sq meter (£134 per sq foot).
The average size of a house on PROMENADE is 123 sq meters (1,325 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Promenade |
| Apr 2024 | Anti-social behaviour | On or near Promenade | |
| Apr 2024 | Anti-social behaviour | On or near Promenade | |
| Apr 2024 | Anti-social behaviour | On or near Promenade | |
| Apr 2024 | Anti-social behaviour | On or near Promenade |