£293,078
This estimated value is based upon the latest sale price for the house of £248,000 on 29 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £248,000 | 29 Oct 2020 |
| £146,000 | 28 Jan 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,183 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 October 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £248,000 results in an estimated price of approximately £293,078.
| 29 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £248,000 | £45,078 | £293,078 |
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 | 18.406 % | £45,646 | £293,646 |
| 3 Month Average | 24.995 % | £61,988 | £309,988 |
| 6 Month Average | 21.573 % | £53,501 | £301,501 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £296,527 | £289,000 | 20 SIMONBURN AVENUE |
| 6 Oct 2023 | £312,088 | £305,000 | 26 FRIARSIDE ROAD |
| 22 Aug 2023 | £286,269 | £281,106 | 5 WOODBURN AVENUE |
| 30 Jun 2023 | £362,260 | £355,000 | 38 CHERRYBURN GARDENS |
| 10 Feb 2023 | £275,893 | £274,050 | 28 SIMONBURN AVENUE |
This house has a floor area of 109 sq meters or 1,183 sq feet when measured on 24 Jun 2010. Using an estimated price of £293,078 means this house is valued at £2,665 per sq meter (£247 per sq foot).
The average size of a house on REDEWATER ROAD is 147 sq meters (1,592 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Under investigation | On or near Redewater Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Friarside Road |
| 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 | Vehicle crime | Investigation complete; no suspect identified | On or near Simonburn Avenue |