£127,657
This estimated value is based upon the latest sale price for the house of £120,000 on 10 Sep 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 |
|---|---|
| £120,000 | 10 Sep 2021 |
| £89,950 | 21 Apr 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.381%.Applying this 6.381% change to the original purchase price of £120,000 results in an estimated price of approximately £127,657.
| 10 Sep 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 146.7 | 6.381 % | £120,000 | £7,657 | £127,657 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -17.253 % | £-20,703 | £99,296 |
| 3 Month Average | -8.538 % | £-10,245 | £109,754 |
| 6 Month Average | -15.434 % | £-18,520 | £101,479 |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 28 Nov 2016.
The average size of a house on VERDUN AVENUE is 116 sq meters (1,252 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Verdun Avenue |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Verdun Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Verdun Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Verdun Avenue |
| Jan 2024 | Public order | Under investigation | On or near Verdun Avenue |