£230,257
This estimated value is based upon the latest sale price for the house of £185,000 on 19 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 19 Jun 2019 |
| £68,500 | 27 Apr 2001 |
| £43,500 | 20 Jan 1995 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £185,000 results in an estimated price of approximately £230,257.
| 19 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £185,000 | £45,257 | £230,257 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 80.822 % | £149,521 | £334,521 |
| 3 Month Average | 33.698 % | £62,341 | £247,341 |
| 6 Month Average | 26.768 % | £49,521 | £234,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £404,180 | £395,000 | 21 CENTRAL AVENUE |
| 27 Sep 2023 | £204,508 | £200,000 | 27 CENTRAL AVENUE |
| 30 Jun 2023 | £247,240 | £242,285 | 8 WEST AVENUE |
| 22 Mar 2023 | £269,501 | £265,000 | 29 CENTRAL GARDENS |
| 3 Feb 2023 | £231,547 | £230,000 | 29 WEST AVENUE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 18 Dec 2014. Using an estimated price of £230,257 means this house is valued at £2,325 per sq meter (£216 per sq foot).
The average size of a house on WEST AVENUE is 114 sq meters (1,234 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Aug 2024 | Drugs | Under investigation | On or near Prince Of Wales Close |
| Aug 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Aug 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Prince Of Wales Close |