£170,689
This estimated value is based upon the latest sale price for the house of £38,000 on 9 Apr 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £38,000 | 9 Apr 1999 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 April 1999 the House Price Index for TYNE AND WEAR was 33.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 349.184%.Applying this 349.184% change to the original purchase price of £38,000 results in an estimated price of approximately £170,689.
| 9 Apr 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.3 | 149.7 | 349.184 % | £38,000 | £132,689 | £170,689 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 383.340 % | £145,669 | £183,669 |
| 3 Month Average | 356.346 % | £135,411 | £173,411 |
| 6 Month Average | 339.591 % | £129,044 | £167,044 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £154,755 | £150,000 | 62 SHIPLEY AVENUE |
| 16 Oct 2023 | £158,602 | £155,000 | 8 SHIPLEY AVENUE |
| 15 Sep 2023 | £112,480 | £110,000 | 44 HOYLE AVENUE |
| 29 Jul 2022 | £184,347 | £182,500 | 37 SHIPLEY AVENUE |
| 10 Aug 2021 | £176,448 | £157,000 | 18 SHIPLEY AVENUE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 17 Oct 2013. Using an estimated price of £170,690 means this house is valued at £1,434 per sq meter (£133 per sq foot).
The average size of a house on SHIPLEY AVENUE is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Shipley Avenue |
| Jul 2024 | Anti-social behaviour | On or near Shipley Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Shipley Avenue | |
| Jul 2024 | Drugs | Under investigation | On or near Shipley Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Shipley Avenue |