£109,837
This estimated value is based upon the latest sale price for the house of £72,000 on 22 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £72,000 | 22 Aug 2014 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £72,000 results in an estimated price of approximately £109,837.
| 22 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £72,000 | £37,837 | £109,837 |
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 | 13.011 % | £9,367 | £81,367 |
| 3 Month Average | 35.683 % | £25,691 | £97,691 |
| 6 Month Average | 38.633 % | £27,815 | £99,815 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £115,000 | £115,000 | 127 WHITELEAS WAY |
| 28 Jun 2024 | £95,000 | £95,000 | 55 COPLEY AVENUE |
| 5 Apr 2024 | £93,310 | £92,500 | 125 COPLEY AVENUE |
| 8 Dec 2023 | £103,170 | £100,000 | 114 REYNOLDS AVENUE |
| 6 Oct 2023 | £102,324 | £100,000 | 63 COPLEY AVENUE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 4 Apr 2014. Using an estimated price of £109,838 means this house is valued at £1,390 per sq meter (£129 per sq foot).
The average size of a house on RUBENS AVENUE is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rubens Avenue |
| Aug 2024 | Public order | Under investigation | On or near Rubens Avenue |
| Oct 2024 | Anti-social behaviour | On or near Hogarth Road | |
| Sep 2024 | Violence and sexual offences | Offender given a caution | On or near Hogarth Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Hogarth Road |