£258,828
This estimated value is based upon the latest sale price for the house of £48,500 on 31 Jan 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £48,500 | 31 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 January 1997 the House Price Index for TYNE AND WEAR was 27.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 433.667%.Applying this 433.667% change to the original purchase price of £48,500 results in an estimated price of approximately £258,828.
| 31 Jan 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 148.6 | 433.667 % | £48,500 | £210,328 | £258,828 |
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 | 233.047 % | £113,027 | £161,527 |
| 3 Month Average | 239.167 % | £115,995 | £164,495 |
| 6 Month Average | 259.638 % | £125,924 | £174,424 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £86,277 | £85,000 | 85 FAIRSPRING |
| 15 Sep 2023 | £107,930 | £106,550 | 38 NORTH AVENUE |
| 19 Jul 2023 | £248,342 | £245,000 | 2 NORTH AVENUE |
| 24 Mar 2023 | £147,389 | £146,000 | 7 ROWEDGE WALK |
| 31 Jan 2023 | £96,545 | £97,000 | 69 FAIRSPRING |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 3 Dec 2014. Using an estimated price of £258,829 means this house is valued at £2,875 per sq meter (£267 per sq foot).
The average size of a house on ROWEDGE WALK is 102 sq meters (1,102 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Avenue |
| Dec 2023 | Criminal damage and arson | Awaiting court outcome | On or near Berkshire Close |
| Dec 2023 | Anti-social behaviour | On or near Berkshire Close | |
| Dec 2023 | Anti-social behaviour | On or near Berkshire Close | |
| Dec 2023 | Anti-social behaviour | On or near Berkshire Close |