£276,758
This estimated value is based upon the latest sale price for the house of £58,450 on 9 Apr 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£58,450 | 9 Apr 1998 |
Terraced |
Freehold |
Floor Area: 100 sq meters or 1,085 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 April 1998 the House Price Index for TYNE AND WEAR was 31.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 373.497%.Applying this 373.497% change to the original purchase price of £58,450 results in an estimated price of approximately £276,758.
9 Apr 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.4 | 148.6 | 373.497 % | £58,450 | £218,308 | £276,758 |
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 | 275.451 % | £161,001 | £219,451 |
3 Month Average | 267.562 % | £156,390 | £214,840 |
6 Month Average | 300.875 % | £175,861 | £234,311 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Sep 2023 | £170,176 | £168,000 | 4 BLACKTHORN DRIVE |
1 Sep 2023 | £180,305 | £178,000 | 16 BRACKEN AVENUE |
31 Jul 2023 | £187,524 | £185,000 | 29 BROOMFIELD AVENUE |
27 Jan 2023 | £194,086 | £195,000 | 39 BROOMFIELD AVENUE |
27 Jan 2023 | £170,198 | £171,000 | 2 BERRY CLOSE |
This house has a floor area of 100 sq meters or 1,085 sq feet when measured on 19 Jan 2011. Using an estimated price of £276,759 means this house is valued at £2,745 per sq meter (£255 per sq foot).
The average size of a house on BROOMFIELD AVENUE is 82 sq meters (892 sq feet).
This house is the largest in the street with a floor area of 100 sq meters (1,085 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Burnet Close | |
Mar 2024 | Anti-social behaviour | On or near Burnet Close | |
Jan 2024 | Anti-social behaviour | On or near Burnet Close | |
Jan 2024 | Anti-social behaviour | On or near Burnet Close | |
Jan 2024 | Anti-social behaviour | On or near Burnet Close |