£686,487
This estimated value is based upon the latest sale price for the house of £450,000 on 12 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £450,000 | 12 Aug 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 208 sq meters or 2,239 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £450,000 results in an estimated price of approximately £686,487.
| 12 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £450,000 | £236,487 | £686,487 |
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 | 15.816 % | £71,172 | £521,172 |
| 3 Month Average | 41.957 % | £188,806 | £638,806 |
| 6 Month Average | 52.055 % | £234,246 | £684,246 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Aug 2022 | £251,174 | £250,000 | 14 QUEENS ROAD |
| 11 Jan 2022 | £636,119 | £600,000 | 19 HAWTHORN GARDENS |
| 28 Jun 2021 | £429,050 | £396,950 | 8 QUEENS ROAD |
| 22 Jun 2021 | £482,715 | £446,600 | 24 BEECH GROVE |
| 26 Mar 2021 | £459,753 | £410,000 | 6 HAWTHORN GARDENS |
This house has a floor area of 208 sq meters or 2,239 sq feet when measured on 16 Oct 2010. Using an estimated price of £686,487 means this house is valued at £3,299 per sq meter (£306 per sq foot).
The average size of a house on MARINE AVENUE is 217 sq meters (2,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Under investigation | On or near Hawthorn Gardens |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Hawthorn Gardens |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Marine Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Marine Avenue |
| Jun 2024 | Anti-social behaviour | On or near Marine Avenue |