£262,842
This estimated value is based upon the latest sale price for the house of £212,500 on 31 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £212,500 | 31 Aug 2018 |
| Flats/Maisonettes |
| Leasehold |
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 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £212,500 results in an estimated price of approximately £262,842.
| 31 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £212,500 | £50,342 | £262,842 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -2.783 % | £-5,914 | £206,585 |
| 3 Month Average | 19.954 % | £42,402 | £254,902 |
| 6 Month Average | 3.683 % | £7,827 | £220,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £330,391 | £325,500 | 9 ALVERSTONE AVENUE |
| 11 Sep 2023 | £241,082 | £238,000 | 54 COLERIDGE AVENUE |
| 7 Jul 2023 | £273,633 | £269,950 | 47 OTTERBURN GARDENS |
| 27 May 2022 | £259,897 | £255,000 | 31 COLERIDGE AVENUE |
| 14 Apr 2022 | £283,195 | £275,000 | 34 OTTERBURN GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Coleridge Avenue |
| Mar 2024 | Other crime | Awaiting court outcome | On or near Coleridge Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Saltwell Road South |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Alverstone Avenue |