£133,873
This estimated value is based upon the latest sale price for the house of £130,000 on 4 Apr 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 4 Apr 2022 |
| £86,000 | 16 Dec 2010 |
| £52,000 | 29 Nov 2002 |
| £48,250 | 18 Apr 2001 |
| £46,950 | 11 May 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 2022 the House Price Index for TYNE AND WEAR was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £130,000 results in an estimated price of approximately £133,873.
| 4 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £130,000 | £3,873 | £133,873 |
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 | 24.649 % | £32,043 | £162,043 |
| 3 Month Average | 2.950 % | £3,834 | £133,834 |
| 6 Month Average | 5.456 % | £7,093 | £137,093 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £99,236 | £97,500 | 208 HIGHFIELD ROAD |
| 24 Nov 2023 | £225,844 | £222,500 | 183 NORHAM AVENUE NORTH |
| 31 Aug 2023 | £105,927 | £105,000 | 88 NORHAM AVENUE SOUTH |
| 25 Aug 2023 | £116,015 | £115,000 | 71 CHEVIOT ROAD |
| 25 Nov 2022 | £177,846 | £180,000 | 130 NORHAM AVENUE NORTH |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 29 Nov 2021. Using an estimated price of £133,874 means this house is valued at £1,612 per sq meter (£149 per sq foot).
The average size of a house on CHEVIOT ROAD is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Road |
| Apr 2024 | Anti-social behaviour | On or near Cheviot Road | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Allendale Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Allendale Drive |