£301,209
This estimated value is based upon the latest sale price for the house of £240,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £240,000 | 26 Jan 2018 |
| £246,000 | 4 Dec 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 January 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £240,000 results in an estimated price of approximately £301,209.
| 26 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £240,000 | £61,209 | £301,209 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 9.699 % | £23,278 | £263,278 |
| 3 Month Average | 2.262 % | £5,428 | £245,428 |
| 6 Month Average | 14.690 % | £35,255 | £275,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £415,310 | £410,000 | HIGHFIELD ROCKCLIFFE WAY |
| 20 Sep 2023 | £126,619 | £125,000 | 15 SOUTHLANDS |
| 8 Sep 2023 | £293,756 | £290,000 | 21 THE CEDARS |
| 24 Feb 2023 | £204,862 | £205,000 | 22 HILLDYKE |
| 24 Feb 2023 | £294,802 | £295,000 | RAVENDALE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 27 May 2015. Using an estimated price of £301,210 means this house is valued at £2,713 per sq meter (£252 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Jubilee Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Jubilee Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Jubilee Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Jubilee Avenue | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Larch Close |