£35,885
This estimated value is based upon the latest sale price for the house of £30,000 on 11 Sep 2020. 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 Sports/Recreation Area
More crime details
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| Price Paid | Date |
|---|---|
| £30,000 | 11 Sep 2020 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £30,000 results in an estimated price of approximately £35,885.
| 11 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £30,000 | £5,885 | £35,885 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -24.375 % | £-7,312 | £22,687 |
| 3 Month Average | 9.795 % | £2,938 | £32,938 |
| 6 Month Average | 12.028 % | £3,608 | £33,608 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £310,000 | £310,000 | HARWIN WALLACE STREET |
| 6 Oct 2023 | £102,324 | £100,000 | 110 BURN PARK ROAD |
| 8 Sep 2023 | £68,510 | £67,000 | 27 GILPIN STREET |
| 31 Aug 2023 | £57,029 | £56,000 | 5 WALLACE STREET |
| 28 Apr 2023 | £78,468 | £77,000 | 72 BURN PARK ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 17 Jul 2018. Using an estimated price of £35,885 means this house is valued at £498 per sq meter (£46 per sq foot).
The average size of a house on OAK AVENUE is 96 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Gilpin Street |