£98,096
This estimated value is based upon the latest sale price for the house of £97,500 on 23 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,500 | 23 Aug 2023 |
| £81,000 | 15 Oct 2013 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2023 the House Price Index for TYNE AND WEAR was 147.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.612%.Applying this 0.612% change to the original purchase price of £97,500 results in an estimated price of approximately £98,096.
| 23 Aug 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.1 | 148.0 | 0.612 % | £97,500 | £596 | £98,096 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 124.514 % | £121,400 | £218,900 |
| 3 Month Average | -5.377 % | £-5,242 | £92,257 |
| 6 Month Average | 2.130 % | £2,076 | £99,576 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £101,300 | £100,000 | 86 SOUTHMEAD AVENUE |
| 25 Aug 2023 | £138,970 | £138,125 | 41 ROSEHILL WAY |
| 25 Aug 2023 | £77,974 | £77,500 | 15 SILVER LONNEN |
| 24 Aug 2023 | £115,704 | £115,000 | 30 SOUTHMEAD AVENUE |
| 23 Aug 2023 | £98,097 | £97,500 | 1 OAKWOOD PLACE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 15 Aug 2015. Using an estimated price of £98,097 means this house is valued at £1,273 per sq meter (£118 per sq foot).
There is one other house on the street which we know the size of, this is 9 OAKWOOD PLACE it is 83.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Oakwood Place | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oakwood Place |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Oakwood Place |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Southmead Avenue |
| Mar 2024 | Other crime | Under investigation | On or near Southmead Avenue |