£111,197
This estimated value is based upon the latest sale price for the house of £110,000 on 21 Apr 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 |
---|---|
£110,000 | 21 Apr 2023 |
£77,000 | 17 Oct 2014 |
£33,000 | 10 Jun 1998 |
£31,950 | 10 May 1996 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 785 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 2023 the House Price Index for TYNE AND WEAR was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £110,000 results in an estimated price of approximately £111,197.
21 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 148.6 | 1.088 % | £110,000 | £1,197 | £111,197 |
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 | -25.654 % | £-28,219 | £81,780 |
3 Month Average | -3.161 % | £-3,476 | £106,523 |
6 Month Average | 1.849 % | £2,033 | £112,033 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Jun 2023 | £126,482 | £124,950 | 121 MORELAND ROAD |
15 Jun 2023 | £101,226 | £100,000 | 28 HORTON AVENUE |
9 Jun 2023 | £139,692 | £138,000 | 111 MORELAND ROAD |
21 Apr 2023 | £111,197 | £110,000 | 16 HORTON AVENUE |
18 Oct 2022 | £103,387 | £104,500 | 43 MORELAND ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 22 Jan 2015. Using an estimated price of £111,197 means this house is valued at £1,523 per sq meter (£141 per sq foot).
The average size of a house on HORTON AVENUE is 85 sq meters (919 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Horton Avenue |
Apr 2024 | Possession of weapons | Under investigation | On or near Horton Avenue |
Mar 2024 | Anti-social behaviour | On or near Horton Avenue | |
Mar 2024 | Anti-social behaviour | On or near Horton Avenue | |
Jan 2024 | Anti-social behaviour | On or near Horton Avenue |