£141,436
This estimated value is based upon the latest sale price for the house of £115,000 on 14 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 14 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,012 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 September 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.988%.Applying this 22.988% change to the original purchase price of £115,000 results in an estimated price of approximately £141,436.
| 14 Sep 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 22.988 % | £115,000 | £26,436 | £141,436 |
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 | 1.054 % | £1,211 | £116,211 |
| 3 Month Average | 3.425 % | £3,939 | £118,939 |
| 6 Month Average | 13.245 % | £15,231 | £130,231 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £125,765 | £125,000 | 92 GROTTO GARDENS |
| 14 Apr 2023 | £156,161 | £155,000 | 20 LIZARD LANE |
| 18 Aug 2022 | £164,886 | £166,000 | 36 LIZARD LANE |
| 27 May 2022 | £253,772 | £250,000 | 42 LIZARD LANE |
| 14 Apr 2022 | £153,846 | £150,000 | 18 GROTTO GARDENS |
This house has a floor area of 94 sq meters or 1,012 sq feet when measured on 8 Apr 2010. Using an estimated price of £141,436 means this house is valued at £1,504 per sq meter (£139 per sq foot).
The average size of a house on LAKE AVENUE is 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lizard Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lizard Lane |
| Apr 2024 | Burglary | Under investigation | On or near Lake Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lake Avenue |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lake Avenue |