£289,380
This estimated value is based upon the latest sale price for the house of £175,000 on 16 Aug 2013. 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 | 16 Aug 2013 |
| £70,000 | 18 Jan 2002 |
| £52,000 | 27 Aug 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 155 sq meters or 1,674 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 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £175,000 results in an estimated price of approximately £289,380.
| 16 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £175,000 | £114,380 | £289,380 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 56.912 % | £99,595 | £274,595 |
| 3 Month Average | 25.700 % | £44,974 | £219,974 |
| 6 Month Average | 17.654 % | £30,894 | £205,894 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £277,993 | £275,000 | 147 NEWCASTLE ROAD |
| 25 Oct 2022 | £178,083 | £180,000 | 15 NETTLEHAM ROAD |
| 6 Jun 2022 | £238,369 | £235,000 | 16 NEWBRIDGE AVENUE |
| 25 Feb 2022 | £125,843 | £120,000 | 45 NEWBOLD AVENUE |
| 10 Jan 2022 | £290,991 | £276,500 | 3 NEWBRIDGE AVENUE |
This house has a floor area of 155 sq meters or 1,674 sq feet when measured on 9 May 2009. Using an estimated price of £289,380 means this house is valued at £1,860 per sq meter (£172 per sq foot).
The average size of a house on NEWBRIDGE AVENUE is 123 sq meters (1,328 sq feet).
This house is the largest in the street with a floor area of 155 sq meters (1,674 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Northwood Court |
| Mar 2024 | Other theft | Under investigation | On or near Newbold Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Newbold Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newbold Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Newbold Avenue |