£199,617
This estimated value is based upon the latest sale price for the house of £114,950 on 1 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £114,950 | 1 Jun 2006 |
| £95,000 | 11 Jun 2004 |
| £27,000 | 20 Nov 1998 |
| Terraced |
| 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 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £114,950 results in an estimated price of approximately £199,617.
| 1 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £114,950 | £84,667 | £199,617 |
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 | 10.359 % | £11,908 | £126,858 |
| 3 Month Average | 23.272 % | £26,751 | £141,701 |
| 6 Month Average | 29.382 % | £33,774 | £148,724 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £248,342 | £245,000 | 2 NORTH AVENUE |
| 24 Mar 2023 | £147,389 | £146,000 | 7 ROWEDGE WALK |
| 12 Sep 2022 | £158,718 | £160,000 | 5 ROWEDGE WALK |
| 12 Aug 2022 | £209,436 | £210,000 | 1 WOBURN WAY |
| 22 Jul 2022 | £135,364 | £135,000 | 26 ELLESMERE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Mary Terrace |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Queens Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Stamfordham Road |
| Mar 2024 | Anti-social behaviour | On or near Stamfordham Road | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Stamfordham Road |