£68,766
This estimated value is based upon the latest sale price for the house of £12,000 on 29 Sep 1995. 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 Holly Avenue
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| Price Paid | Date |
|---|---|
| £12,000 | 29 Sep 1995 |
| £19,250 | 30 Jun 1995 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 59 sq meters or 635 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 September 1995 the House Price Index for TYNE AND WEAR was 26.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 473.052%.Applying this 473.052% change to the original purchase price of £12,000 results in an estimated price of approximately £68,766.
| 29 Sep 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.1 | 149.7 | 473.052 % | £12,000 | £56,766 | £68,766 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 329.535 % | £39,544 | £51,544 |
| 3 Month Average | 266.238 % | £31,948 | £43,948 |
| 6 Month Average | 230.340 % | £27,640 | £39,640 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £71,187 | £69,000 | 159 VINE STREET |
| 13 Oct 2023 | £75,362 | £73,650 | 82 HOLLY AVENUE |
| 1 Aug 2023 | £58,047 | £57,000 | 60 HOLLY AVENUE |
| 21 Apr 2023 | £95,282 | £93,500 | 100 LAUREL STREET |
| 22 Jul 2022 | £60,607 | £60,000 | 181 VINE STREET |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 4 Sep 2020. Using an estimated price of £68,766 means this house is valued at £1,165 per sq meter (£108 per sq foot).
The average size of a house on VINE STREET is 69 sq meters (748 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Holly Avenue |
| Jul 2024 | Other theft | Under investigation | On or near Holly Avenue |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Holly Avenue |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Holly Avenue |
| Jul 2024 | Other theft | Under investigation | On or near Holly Avenue |