£150,574
This estimated value is based upon the latest sale price for the house of £31,000 on 9 Jan 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Simonburn Avenue
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| Price Paid | Date |
|---|---|
| £31,000 | 9 Jan 1998 |
| Terraced |
| 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 1998 the House Price Index for TYNE AND WEAR was 30.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 385.724%.Applying this 385.724% change to the original purchase price of £31,000 results in an estimated price of approximately £150,574.
| 9 Jan 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.8 | 149.7 | 385.724 % | £31,000 | £119,574 | £150,574 |
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 | 468.297 % | £145,171 | £176,171 |
| 3 Month Average | 383.203 % | £118,792 | £149,792 |
| 6 Month Average | 366.050 % | £113,475 | £144,475 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £340,462 | £330,000 | 58 FENHAM HALL DRIVE |
| 1 Dec 2023 | £278,560 | £270,000 | 4 POWBURN GARDENS |
| 17 Nov 2023 | £296,527 | £289,000 | 20 SIMONBURN AVENUE |
| 29 Sep 2023 | £255,635 | £250,000 | 16 KINGSWAY |
| 23 Jun 2023 | £142,863 | £140,000 | 54A FENHAM HALL DRIVE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 3 Aug 2016. Using an estimated price of £150,574 means this house is valued at £1,356 per sq meter (£126 per sq foot).
The average size of a house on POWBURN GARDENS is 127 sq meters (1,372 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Simonburn Avenue |
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Simonburn Avenue |
| May 2024 | Anti-social behaviour | On or near Simonburn Avenue | |
| May 2024 | Anti-social behaviour | On or near Simonburn Avenue | |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Simonburn Avenue |