£89,925
This estimated value is based upon the latest sale price for the house of £41,300 on 8 Dec 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £41,300 | 8 Dec 2003 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 December 2003 the House Price Index for TYNE AND WEAR was 68.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 117.737%.Applying this 117.737% change to the original purchase price of £41,300 results in an estimated price of approximately £89,925.
| 8 Dec 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 148.6 | 117.737 % | £41,300 | £48,625 | £89,925 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 137.190 % | £56,659 | £97,959 |
| 3 Month Average | 71.821 % | £29,661 | £70,961 |
| 6 Month Average | 55.825 % | £23,055 | £64,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £40,661 | £39,950 | 40 FLORENCE CRESCENT |
| 14 Jun 2023 | £65,797 | £65,000 | 59 CHESTNUT CRESCENT |
| 21 Apr 2023 | £70,762 | £70,000 | 21 BURNTLAND AVENUE |
| 6 Apr 2023 | £60,653 | £60,000 | 100 BROADSHEATH TERRACE |
| 15 Mar 2023 | £67,637 | £67,000 | 99 BROADSHEATH TERRACE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 20 May 2017. Using an estimated price of £89,926 means this house is valued at £1,199 per sq meter (£111 per sq foot).
There is one other house on the street which we know the size of, this is 34 NORTH HYLTON ROAD it is 89.3
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hazelwood Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hazelwood Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hazelwood Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hazelwood Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hazelwood Avenue |