£323,470
This estimated value is based upon the latest sale price for the house of £325,000 on 10 Feb 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £325,000 | 10 Feb 2023 |
| £195,000 | 2 Aug 2013 |
| £71,000 | 7 Apr 2000 |
| Terraced |
| Freehold |
| Floor Area: 130 sq meters or 1,399 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 February 2023 the House Price Index for TYNE AND WEAR was 148.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.471%.Applying this -0.471% change to the original purchase price of £325,000 results in an estimated price of approximately £323,470.
| 10 Feb 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.0 | -0.471 % | £325,000 | £-1,529 | £323,470 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 144.963 % | £471,130 | £796,130 |
| 3 Month Average | 10.887 % | £35,383 | £360,383 |
| 6 Month Average | 6.933 % | £22,533 | £347,533 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £292,758 | £289,000 | 20 SIMONBURN AVENUE |
| 30 Jun 2023 | £357,902 | £355,000 | 38 CHERRYBURN GARDENS |
| 28 Apr 2023 | £231,722 | £230,000 | 3 CHERRYBURN GARDENS |
| 10 Feb 2023 | £272,760 | £274,050 | 28 SIMONBURN AVENUE |
| 10 Feb 2023 | £323,470 | £325,000 | 16 CHERRYBURN GARDENS |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 28 Aug 2012. Using an estimated price of £323,470 means this house is valued at £2,488 per sq meter (£231 per sq foot).
The average size of a house on CHERRYBURN GARDENS is 139 sq meters (1,502 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Ravenside Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Simonburn Avenue |
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Simonburn Avenue |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fenham Hall Drive |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Auburn Gardens |