£243,696
This estimated value is based upon the latest sale price for the house of £106,000 on 11 Sep 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £106,000 | 11 Sep 2003 |
| £99,950 | 14 Mar 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 2003 the House Price Index for TYNE AND WEAR was 65.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 129.902%.Applying this 129.902% change to the original purchase price of £106,000 results in an estimated price of approximately £243,696.
| 11 Sep 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 65.1 | 149.7 | 129.902 % | £106,000 | £137,696 | £243,696 |
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 | 117.357 % | £124,398 | £230,398 |
| 3 Month Average | 102.487 % | £108,636 | £214,636 |
| 6 Month Average | 126.798 % | £134,405 | £240,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £335,303 | £325,000 | 11 STYAN AVENUE |
| 1 Sep 2023 | £388,566 | £380,000 | 4 STYAN AVENUE |
| 10 Aug 2023 | £361,520 | £355,000 | 1 STYAN AVENUE |
| 4 Aug 2022 | £344,611 | £343,000 | 7 STYAN AVENUE |
| 22 Jul 2022 | £123,235 | £122,000 | APARTMENT F 1 EDWARDS ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 15 May 2017. Using an estimated price of £243,697 means this house is valued at £2,538 per sq meter (£235 per sq foot).
The average size of a house on CHEVIOT VIEW is 89 sq meters (961 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near Cheviot View |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Parking Area |
| Jul 2024 | Other theft | Under investigation | On or near Parking Area |
| Jul 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |