£271,228
This estimated value is based upon the latest sale price for the house of £184,000 on 20 Mar 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £184,000 | 20 Mar 2015 |
| £71,950 | 15 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 March 2015 the House Price Index for TYNE AND WEAR was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £184,000 results in an estimated price of approximately £271,228.
| 20 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £184,000 | £87,228 | £271,228 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 47.968 % | £88,260 | £272,260 |
| 3 Month Average | 22.545 % | £41,482 | £225,482 |
| 6 Month Average | 19.643 % | £36,143 | £220,143 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2023 | £286,586 | £283,500 | 11 WEMBLEY AVENUE |
| 16 Feb 2023 | £134,909 | £135,000 | 37 CAULDWELL LANE |
| 16 Jun 2022 | £149,107 | £147,000 | 24 WILSON COURT |
| 11 May 2022 | £267,484 | £262,444 | 4 LENA AVENUE |
| 3 May 2022 | £241,551 | £237,000 | 71 CAULDWELL LANE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 11 Dec 2012. Using an estimated price of £271,228 means this house is valued at £2,916 per sq meter (£270 per sq foot).
The average size of a house on WEMBLEY AVENUE is 107 sq meters (1,152 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lena Avenue |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wembley Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wembley Avenue |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Closefield Grove |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cauldwell Lane |