£237,406
This estimated value is based upon the latest sale price for the house of £235,000 on 6 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £235,000 | 6 Jun 2022 |
| £170,000 | 22 Nov 2019 |
| £111,000 | 24 Sep 2002 |
| £80,500 | 3 Mar 2000 |
| £40,000 | 28 Jun 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.024%.Applying this 1.024% change to the original purchase price of £235,000 results in an estimated price of approximately £237,406.
| 6 Jun 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.0 | 1.024 % | £235,000 | £2,406 | £237,406 |
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 | -39.861 % | £-93,672 | £141,327 |
| 3 Month Average | 0.380 % | £893 | £235,893 |
| 6 Month Average | -4.368 % | £-10,264 | £224,735 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2022 | £177,364 | £180,000 | 15 NETTLEHAM ROAD |
| 6 Jun 2022 | £237,406 | £235,000 | 16 NEWBRIDGE AVENUE |
| 25 Feb 2022 | £125,335 | £120,000 | 45 NEWBOLD AVENUE |
| 10 Jan 2022 | £289,816 | £276,500 | 3 NEWBRIDGE AVENUE |
| 22 Jun 2021 | £160,289 | £150,000 | 9 NORLEY AVENUE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 7 Feb 2019. Using an estimated price of £237,406 means this house is valued at £2,178 per sq meter (£202 per sq foot).
The average size of a house on NEWBRIDGE AVENUE is 123 sq meters (1,328 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Northwood Court |
| Apr 2024 | Public order | Under investigation | On or near Newbridge Avenue |
| Apr 2024 | Public order | Under investigation | On or near Newbold Avenue |
| Apr 2024 | Vehicle crime | Under investigation | On or near Newbold Avenue |
| Mar 2024 | Other theft | Under investigation | On or near Newbold Avenue |