£298,525
This estimated value is based upon the latest sale price for the house of £177,650 on 27 Jul 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £177,650 | 27 Jul 2012 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 July 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.041%.Applying this 68.041% change to the original purchase price of £177,650 results in an estimated price of approximately £298,525.
| 27 Jul 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 146.7 | 68.041 % | £177,650 | £120,875 | £298,525 |
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 | -6.294 % | £-11,180 | £166,469 |
| 3 Month Average | 20.414 % | £36,264 | £213,914 |
| 6 Month Average | 31.551 % | £56,049 | £233,699 |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 11 Jun 2012.
The average size of a house on REDWOOD AVENUE is 75 sq meters (810 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Theft from the person | Under investigation | On or near Alder Walk |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Redwood Avenue |
| Dec 2023 | Anti-social behaviour | On or near Redwood Avenue | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Redwood Avenue |
| Dec 2023 | Anti-social behaviour | On or near Redwood Avenue |