£163,880
This estimated value is based upon the latest sale price for the house of £32,000 on 20 Jun 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 |
---|---|
£32,000 | 20 Jun 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 June 1997 the House Price Index for TYNE AND WEAR was 29.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 412.126%.Applying this 412.126% change to the original purchase price of £32,000 results in an estimated price of approximately £163,880.
20 Jun 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.0 | 148.6 | 412.126 % | £32,000 | £131,880 | £163,880 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 228.608 % | £73,154 | £105,154 |
3 Month Average | 284.681 % | £91,098 | £123,098 |
6 Month Average | 288.702 % | £92,384 | £124,384 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £101,295 | £100,000 | 11 NORTHLEA |
25 Aug 2023 | £166,456 | £165,000 | 5 SANDRINGHAM ROAD |
16 Aug 2023 | £49,987 | £49,550 | 42 AVALON DRIVE |
2 Aug 2023 | £307,692 | £305,000 | 90 SOUTH VIEW |
21 Jul 2023 | £193,606 | £191,000 | 3 SANDRINGHAM ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 5 Jul 2018. Using an estimated price of £163,880 means this house is valued at £2,979 per sq meter (£276 per sq foot).
The average size of a house on AVALON DRIVE is 67 sq meters (728 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Avalon Drive |
Dec 2023 | Vehicle crime | Under investigation | On or near Avalon Drive |
Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near South View |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Wallington Drive |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Wallington Drive |