£297,049
This estimated value is based upon the latest sale price for the house of £59,950 on 14 Nov 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 |
|---|---|
| £59,950 | 14 Nov 1997 |
| Flats/Maisonettes |
| Freehold |
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 November 1997 the House Price Index for TYNE AND WEAR was 30.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 395.496%.Applying this 395.496% change to the original purchase price of £59,950 results in an estimated price of approximately £297,049.
| 14 Nov 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 149.7 | 395.496 % | £59,950 | £237,099 | £297,049 |
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 | 274.309 % | £164,448 | £224,398 |
| 3 Month Average | 253.849 % | £152,182 | £212,132 |
| 6 Month Average | 240.993 % | £144,475 | £204,425 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £325,878 | £320,000 | 65 WEST AVENUE |
| 30 Jun 2023 | £247,240 | £242,285 | 8 WEST AVENUE |
| 31 Mar 2023 | £246,110 | £242,000 | 53 WEST AVENUE |
| 3 Feb 2023 | £231,547 | £230,000 | 29 WEST AVENUE |
| 26 Jan 2023 | £225,603 | £225,000 | 20 SOUTH AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Oct 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Oct 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Sep 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Sep 2024 | Anti-social behaviour | On or near Prince Of Wales Close |