£321,534
This estimated value is based upon the latest sale price for the house of £241,500 on 19 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £241,500 | 19 Aug 2016 |
| £218,000 | 21 Dec 2012 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £241,500 results in an estimated price of approximately £321,534.
| 19 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £241,500 | £80,034 | £321,534 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 25.396 % | £61,330 | £302,830 |
| 3 Month Average | 20.265 % | £48,940 | £290,440 |
| 6 Month Average | 16.203 % | £39,131 | £280,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £283,626 | £280,000 | 49 ELEMORE CLOSE |
| 28 Jul 2023 | £243,269 | £239,995 | 21 ELEMORE CLOSE |
| 8 Jun 2023 | £300,389 | £296,750 | 1 IVESTON AVENUE |
| 17 Feb 2023 | £264,822 | £265,000 | 79 WAGONWAY DRIVE |
| 21 Jul 2022 | £270,729 | £270,000 | 23 ELEMORE CLOSE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 3 Aug 2012. Using an estimated price of £321,535 means this house is valued at £2,845 per sq meter (£264 per sq foot).
The average size of a house on ESPERLEY AVENUE is 101 sq meters (1,088 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Leasingthorne Way |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Leasingthorne Way |
| Feb 2024 | Anti-social behaviour | On or near Wagonway Drive | |
| Feb 2024 | Anti-social behaviour | On or near Wagonway Drive | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wagonway Drive |