£84,614
This estimated value is based upon the latest sale price for the house of £80,000 on 1 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Rowan Avenue
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| Price Paid | Date |
|---|---|
| £80,000 | 1 Dec 2021 |
| £110,000 | 25 Aug 2006 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.768%.Applying this 5.768% change to the original purchase price of £80,000 results in an estimated price of approximately £84,614.
| 1 Dec 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 146.7 | 5.768 % | £80,000 | £4,614 | £84,614 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 7.454 % | £5,963 | £85,963 |
| 3 Month Average | 26.781 % | £21,425 | £101,425 |
| 6 Month Average | 41.749 % | £33,399 | £113,399 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 12 Jul 2021.
The average size of a house on ROWAN AVENUE is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Rowan Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rowan Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Rowan Avenue |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Rowan Avenue |
| Dec 2023 | Burglary | Awaiting court outcome | On or near Rowan Avenue |