£248,599
This estimated value is based upon the latest sale price for the house of £230,000 on 28 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 |
|---|---|
| £230,000 | 28 Jun 2021 |
| £155,000 | 24 Oct 2003 |
| £155,000 | 24 Oct 2003 |
| £69,000 | 12 Nov 1999 |
| Semi-Detached |
| Freehold |
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 £230,000 results in an estimated price of approximately £248,599.
| 28 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £230,000 | £18,599 | £248,599 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 86.311 % | £198,514 | £428,514 |
| 3 Month Average | 25.046 % | £57,606 | £287,606 |
| 6 Month Average | 15.933 % | £36,645 | £266,645 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £472,000 | £472,000 | THE MARSDEN INN, 143 MARSDEN LANE |
| 20 Dec 2023 | £226,974 | £220,000 | 1 CHIRTON AVENUE |
| 19 Oct 2023 | £278,321 | £272,000 | 120 LUMLEY AVENUE |
| 14 Aug 2023 | £162,939 | £160,000 | 310 PRINCE EDWARD ROAD |
| 17 Feb 2023 | £166,110 | £165,000 | 11 FULWELL AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Under investigation | On or near Prince Edward Grove |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Prince Edward Grove |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Walworth Avenue |
| Aug 2024 | Anti-social behaviour | On or near Walworth Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Walworth Avenue |