£116,670
This estimated value is based upon the latest sale price for the house of £68,500 on 19 Feb 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£68,500 | 19 Feb 2010 |
£73,000 | 5 Nov 2004 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 789 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 February 2010 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.322%.Applying this 70.322% change to the original purchase price of £68,500 results in an estimated price of approximately £116,670.
19 Feb 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.2 | 148.6 | 70.322 % | £68,500 | £48,170 | £116,670 |
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 | 7.160 % | £4,904 | £73,404 |
3 Month Average | 19.803 % | £13,564 | £82,064 |
6 Month Average | 25.256 % | £17,300 | £85,800 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Jun 2023 | £65,797 | £65,000 | 3 GASKELL AVENUE |
18 Nov 2022 | £103,743 | £105,000 | 123 FROUDE AVENUE |
15 Nov 2022 | £79,043 | £80,000 | 37 FROUDE AVENUE |
20 Oct 2022 | £85,579 | £86,500 | 20 GASKELL AVENUE |
17 Aug 2022 | £91,753 | £92,000 | 18 FROUDE AVENUE |
This house has a floor area of 73 sq meters or 789 sq feet when measured on 15 Oct 2008. Using an estimated price of £116,671 means this house is valued at £1,590 per sq meter (£147 per sq foot).
The average size of a house on FROUDE AVENUE is 80 sq meters (866 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Defoe Avenue |
Jan 2024 | Anti-social behaviour | On or near Defoe Avenue | |
Jan 2024 | Anti-social behaviour | On or near Defoe Avenue | |
Jan 2024 | Anti-social behaviour | On or near Defoe Avenue | |
Dec 2023 | Anti-social behaviour | On or near Defoe Avenue |