£647,439
This estimated value is based upon the latest sale price for the house of £599,000 on 14 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £599,000 | 14 Jun 2021 |
| Terraced |
| Freehold |
| Floor Area: 191 sq meters or 2,055 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 June 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £599,000 results in an estimated price of approximately £647,439.
| 14 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £599,000 | £48,439 | £647,439 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 25.104 % | £150,371 | £749,371 |
| 3 Month Average | -4.479 % | £-26,830 | £572,169 |
| 6 Month Average | -7.427 % | £-44,485 | £554,514 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £420,460 | £414,000 | 64 OSBORNE AVENUE |
| 15 Dec 2023 | £128,963 | £125,000 | UNIT 1 JESMOND BUSINESS COURT JESMOND ROAD |
| 31 Oct 2023 | £209,764 | £205,000 | 19 SHORTRIDGE TERRACE |
| 21 Aug 2023 | £224,805 | £220,750 | 65 SHORTRIDGE TERRACE |
| 21 Aug 2023 | £224,805 | £220,750 | 63 SHORTRIDGE TERRACE |
This house has a floor area of 191 sq meters or 2,055 sq feet when measured on 11 Mar 2019. Using an estimated price of £647,439 means this house is valued at £3,389 per sq meter (£314 per sq foot).
The average size of a house on OSBORNE AVENUE is 141 sq meters (1,518 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Drugs | Offender given a caution | On or near Deuchar Street |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Deuchar Street |
| Jun 2024 | Vehicle crime | Under investigation | On or near Deuchar Street |
| May 2024 | Anti-social behaviour | On or near Deuchar Street | |
| May 2024 | Anti-social behaviour | On or near Deuchar Street |