£180,039
This estimated value is based upon the latest sale price for the house of £47,250 on 12 May 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £47,250 | 12 May 2000 |
| £28,500 | 8 Apr 1999 |
| Semi-Detached |
| 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 May 2000 the House Price Index for TYNE AND WEAR was 39.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 281.036%.Applying this 281.036% change to the original purchase price of £47,250 results in an estimated price of approximately £180,039.
| 12 May 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 149.7 | 281.036 % | £47,250 | £132,789 | £180,039 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 289.532 % | £136,803 | £184,053 |
| 3 Month Average | 240.971 % | £113,858 | £161,108 |
| 6 Month Average | 204.143 % | £96,457 | £143,707 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £148,777 | £145,000 | 6 FALLOWFIELD AVENUE |
| 19 Sep 2023 | £163,607 | £160,000 | 4 THE MEADOWS |
| 25 Aug 2023 | £254,592 | £250,000 | 3 WILLOWFIELD AVENUE |
| 31 Mar 2023 | £140,344 | £138,000 | 4 FALLOWFIELD AVENUE |
| 31 Mar 2023 | £127,123 | £125,000 | 11 BELLFIELD AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Fallowfield Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Fallowfield Avenue |
| Jul 2024 | Other theft | Under investigation | On or near Willowfield Avenue |
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near Willowfield Avenue |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Meadows |