£177,853
This estimated value is based upon the latest sale price for the house of £35,000 on 9 Jul 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,000 | 9 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 July 1997 the House Price Index for TYNE AND WEAR was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £35,000 results in an estimated price of approximately £177,853.
| 9 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 148.6 | 408.152 % | £35,000 | £142,853 | £177,853 |
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 | 330.009 % | £115,503 | £150,503 |
| 3 Month Average | 362.395 % | £126,838 | £161,838 |
| 6 Month Average | 353.923 % | £123,872 | £158,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £302,648 | £300,000 | 3 KENSINGTON GARDENS |
| 13 Jul 2023 | £217,933 | £215,000 | FLAT 5 HOLYWELL MEWS, 21 HOLYWELL AVENUE |
| 28 Apr 2023 | £181,959 | £180,000 | 2 KENSINGTON CLOSE |
| 27 Feb 2023 | £1,199,193 | £1,200,000 | 92 MARINE AVENUE |
| 19 Oct 2022 | £257,725 | £260,500 | 29 KENSINGTON GARDENS |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 21 May 2020. Using an estimated price of £177,853 means this house is valued at £3,293 per sq meter (£305 per sq foot).
The average size of a house on MARINE AVENUE is 217 sq meters (2,345 sq feet).
This house is the smallest in the street with a floor area of 54 sq meters (581 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Shoplifting | Under investigation | On or near Sanderson Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sanderson Road |
| Apr 2024 | Shoplifting | Awaiting court outcome | On or near Sanderson Road |
| Apr 2024 | Shoplifting | Awaiting court outcome | On or near Sanderson Road |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Sanderson Road |