£220,260
This estimated value is based upon the latest sale price for the house of £217,000 on 16 Nov 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £217,000 | 16 Nov 2023 |
| £128,000 | 27 Jun 2014 |
| £82,500 | 14 Dec 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 November 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £217,000 results in an estimated price of approximately £220,260.
| 16 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £217,000 | £3,260 | £220,260 |
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 | -22.875 % | £-49,639 | £167,360 |
| 3 Month Average | -22.349 % | £-48,497 | £168,502 |
| 6 Month Average | -7.031 % | £-15,256 | £201,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £225,844 | £222,500 | 183 NORHAM AVENUE NORTH |
| 16 Nov 2023 | £220,261 | £217,000 | 219 CHEVIOT ROAD |
| 20 Jul 2023 | £225,029 | £222,000 | 30 GARTH CRESCENT |
| 1 Mar 2023 | £161,522 | £160,000 | 218 CHEVIOT ROAD |
| 25 Nov 2022 | £177,846 | £180,000 | 130 NORHAM AVENUE NORTH |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 11 Aug 2016. Using an estimated price of £220,261 means this house is valued at £2,159 per sq meter (£200 per sq foot).
The average size of a house on CHEVIOT ROAD is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Braemar Drive |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Braemar Drive |
| Jan 2024 | Anti-social behaviour | On or near Hemsley Road | |
| Jan 2024 | Anti-social behaviour | On or near Hemsley Road | |
| Jan 2024 | Anti-social behaviour | On or near Hemsley Road |