£84,948
This estimated value is based upon the latest sale price for the house of £59,000 on 21 Aug 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £59,000 | 21 Aug 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 32 sq meters or 344 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 August 2015 the House Price Index for TYNE AND WEAR was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £59,000 results in an estimated price of approximately £84,948.
| 21 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £59,000 | £25,948 | £84,948 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 43.093 % | £25,424 | £84,424 |
| 3 Month Average | 42.261 % | £24,934 | £83,934 |
| 6 Month Average | 13.202 % | £7,788 | £66,788 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £201,000 | £201,000 | 41 BOSTON AVENUE |
| 26 Apr 2024 | £95,832 | £95,000 | 17 BLENCATHRA |
| 29 Sep 2023 | £122,705 | £120,000 | 5 DENE COURT |
| 10 Aug 2022 | £63,296 | £63,000 | 16 BLENCATHRA |
| 21 Jul 2022 | £65,658 | £65,000 | 24 BLENCATHRA |
This house has a floor area of 32 sq meters or 344 sq feet when measured on 4 Jul 2019. Using an estimated price of £84,949 means this house is valued at £2,654 per sq meter (£246 per sq foot).
The average size of a house on BOSTON AVENUE is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Under investigation | On or near Boston Avenue |
| Aug 2024 | Anti-social behaviour | On or near Boston Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Boston Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Boston Avenue | |
| Oct 2024 | Vehicle crime | Under investigation | On or near Dene Court |