£205,485
This estimated value is based upon the latest sale price for the house of £125,000 on 13 Sep 2013. 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 Normount Gardens
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| Price Paid | Date |
|---|---|
| £125,000 | 13 Sep 2013 |
| £27,000 | 7 Feb 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 September 2013 the House Price Index for TYNE AND WEAR was 90.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.388%.Applying this 64.388% change to the original purchase price of £125,000 results in an estimated price of approximately £205,485.
| 13 Sep 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 148.6 | 64.388 % | £125,000 | £80,485 | £205,485 |
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 | 1.927 % | £2,409 | £127,409 |
| 3 Month Average | 10.818 % | £13,523 | £138,523 |
| 6 Month Average | 24.796 % | £30,995 | £155,995 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £120,000 | £120,000 | 17 WESTERN AVENUE |
| 8 Sep 2023 | £107,373 | £106,000 | 5 WESTERN AVENUE |
| 19 Jul 2023 | £141,910 | £140,000 | 12 NORMOUNT AVENUE |
| 23 Jun 2023 | £161,962 | £160,000 | 15 KELDANE GARDENS |
| 23 Dec 2021 | £96,424 | £90,000 | 234 LADYKIRK ROAD |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 28 Feb 2014. Using an estimated price of £205,485 means this house is valued at £1,630 per sq meter (£151 per sq foot).
The average size of a house on NORMOUNT GARDENS is 152 sq meters (1,643 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Normount Gardens | |
| Feb 2024 | Anti-social behaviour | On or near Normount Gardens | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Normount Gardens |
| Feb 2024 | Anti-social behaviour | On or near Normount Gardens | |
| Jan 2024 | Possession of weapons | Under investigation | On or near Normount Gardens |