£263,578
This estimated value is based upon the latest sale price for the house of £156,000 on 12 Apr 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £156,000 | 12 Apr 2013 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,246 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 April 2013 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.960%.Applying this 68.960% change to the original purchase price of £156,000 results in an estimated price of approximately £263,578.
| 12 Apr 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 149.7 | 68.960 % | £156,000 | £107,578 | £263,578 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 2.069 % | £3,227 | £159,227 |
| 3 Month Average | 24.574 % | £38,335 | £194,335 |
| 6 Month Average | 31.266 % | £48,774 | £204,774 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £132,058 | £128,000 | 7 HORSLEY AVENUE |
| 5 Dec 2023 | £294,035 | £285,000 | 5 STONEYLEA CLOSE |
| 3 Oct 2023 | £173,951 | £170,000 | 2 STONEYLEA CLOSE |
| 8 Sep 2023 | £199,396 | £195,000 | 30 BYWELL CLOSE |
| 30 Jun 2023 | £219,397 | £215,000 | 15 HINDLEY CLOSE |
This house has a floor area of 115 sq meters or 1,246 sq feet when measured on 2 Mar 2012. Using an estimated price of £263,578 means this house is valued at £2,275 per sq meter (£211 per sq foot).
The average size of a house on HORSLEY AVENUE is 92 sq meters (990 sq feet).
This house is the largest in the street with a floor area of 115 sq meters (1,246 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Wesley Mount |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bywell Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bywell Close |
| Jul 2024 | Public order | Under investigation | On or near Bywell Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Old Main Street |