£350,498
This estimated value is based upon the latest sale price for the house of £328,000 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £328,000 | 25 Jun 2021 |
| £232,500 | 15 Jul 2015 |
| £89,950 | 9 Nov 1999 |
| £75,000 | 24 Mar 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,636 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £328,000 results in an estimated price of approximately £350,498.
| 25 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £328,000 | £22,498 | £350,498 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -67.202 % | £-220,422 | £107,577 |
| 3 Month Average | -30.736 % | £-100,815 | £227,184 |
| 6 Month Average | -18.098 % | £-59,362 | £268,637 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £397,521 | £390,000 | 16 BERKLEY AVENUE |
| 28 Nov 2023 | £324,162 | £320,000 | 44 SHIBDON ROAD |
| 11 Aug 2023 | £357,172 | £355,000 | 19 WESTERN WAY |
| 18 Nov 2022 | £423,138 | £430,000 | 4 WOODLANDS PARK DRIVE |
| 25 Aug 2022 | £268,188 | £270,000 | 5 WESTERN WAY |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 9 Sep 2015. Using an estimated price of £350,498 means this house is valued at £2,305 per sq meter (£214 per sq foot).
The average size of a house on THE AVENUE is 141 sq meters (1,522 sq feet).
This house is the largest in the street with a floor area of 152 sq meters (1,636 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Possession of weapons | Under investigation | On or near Ashleigh Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Clavering Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clavering Way |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Western Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Western Way |