£210,226
This estimated value is based upon the latest sale price for the house of £161,000 on 20 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £161,000 | 20 Mar 2017 |
| £150,000 | 9 Mar 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 899 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £161,000 results in an estimated price of approximately £210,226.
| 20 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £161,000 | £49,226 | £210,226 |
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 | 79.167 % | £127,459 | £288,459 |
| 3 Month Average | 42.256 % | £68,031 | £229,031 |
| 6 Month Average | 55.699 % | £89,674 | £250,674 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2024 | £235,000 | £235,000 | 164 NORHAM AVENUE NORTH |
| 18 Dec 2023 | £201,182 | £195,000 | 117 BAMBURGH AVENUE |
| 8 Dec 2023 | £206,340 | £200,000 | 129 BAMBURGH AVENUE |
| 24 Nov 2023 | £228,295 | £222,500 | 183 NORHAM AVENUE NORTH |
| 25 Nov 2022 | £179,162 | £180,000 | 130 NORHAM AVENUE NORTH |
This house has a floor area of 83 sq meters or 899 sq feet when measured on 2 Apr 2010. Using an estimated price of £210,226 means this house is valued at £2,515 per sq meter (£233 per sq foot).
The average size of a house on BAMBURGH AVENUE is 86 sq meters (932 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Widdrington Avenue |