£84,333
This estimated value is based upon the latest sale price for the house of £67,000 on 12 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £67,000 | 12 Feb 2018 |
| £70,000 | 8 May 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £67,000 results in an estimated price of approximately £84,333.
| 12 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 149.7 | 25.871 % | £67,000 | £17,333 | £84,333 |
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 | 81.244 % | £54,433 | £121,433 |
| 3 Month Average | 44.666 % | £29,926 | £96,926 |
| 6 Month Average | 44.310 % | £29,687 | £96,687 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2024 | £157,500 | £157,500 | 20 WITTON AVENUE |
| 25 Apr 2024 | £85,745 | £85,000 | 34 BRADLEY AVENUE |
| 8 Apr 2024 | £123,069 | £122,000 | 9 EAST AVENUE |
| 30 Nov 2023 | £84,136 | £82,000 | 8 SHELLEY AVENUE |
| 19 Oct 2023 | £207,718 | £203,000 | 19 WITTON AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 Nov 2014. Using an estimated price of £84,334 means this house is valued at £1,171 per sq meter (£108 per sq foot).
The average size of a house on EAST AVENUE is 80 sq meters (866 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near East Avenue | |
| Aug 2024 | Anti-social behaviour | On or near East Avenue | |
| Aug 2024 | Anti-social behaviour | On or near East Avenue | |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Close |