£279,718
This estimated value is based upon the latest sale price for the house of £175,000 on 13 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 13 Jun 2007 |
| £85,500 | 2 Mar 2005 |
| 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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £175,000 results in an estimated price of approximately £279,718.
| 13 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 149.7 | 59.839 % | £175,000 | £104,718 | £279,718 |
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 | 39.284 % | £68,747 | £243,747 |
| 3 Month Average | 29.835 % | £52,211 | £227,211 |
| 6 Month Average | 33.476 % | £58,582 | £233,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £312,716 | £310,000 | 38 CENTRAL AVENUE |
| 26 Apr 2024 | £318,768 | £316,000 | 13 SOUTH AVENUE |
| 22 Mar 2024 | £106,633 | £104,995 | 14 ASPEN PLACE |
| 8 Sep 2023 | £153,381 | £150,000 | 187 PRINCE EDWARD ROAD |
| 30 Jun 2023 | £247,240 | £242,285 | 8 WEST AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near South Avenue |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Avenue |
| Oct 2024 | Shoplifting | Under investigation | On or near South Avenue |
| Oct 2024 | Public order | Under investigation | On or near South Avenue |
| Oct 2024 | Public order | Investigation complete; no suspect identified | On or near South Avenue |