£150,474
This estimated value is based upon the latest sale price for the house of £50,000 on 8 Apr 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £50,000 | 8 Apr 2002 |
| £25,000 | 9 Oct 1995 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 April 2002 the House Price Index for TYNE AND WEAR was 49.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 200.950%.Applying this 200.950% change to the original purchase price of £50,000 results in an estimated price of approximately £150,474.
| 8 Apr 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 149.7 | 200.950 % | £50,000 | £100,474 | £150,474 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 313.144 % | £156,571 | £206,571 |
| 3 Month Average | 286.389 % | £143,194 | £193,194 |
| 6 Month Average | 276.829 % | £138,414 | £188,414 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £154,755 | £150,000 | 62 SHIPLEY AVENUE |
| 16 Oct 2023 | £158,602 | £155,000 | 8 SHIPLEY AVENUE |
| 15 Sep 2023 | £112,480 | £110,000 | 44 HOYLE AVENUE |
| 29 Jul 2022 | £184,347 | £182,500 | 37 SHIPLEY AVENUE |
| 10 Aug 2021 | £176,448 | £157,000 | 18 SHIPLEY AVENUE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 11 Jun 2013. Using an estimated price of £150,475 means this house is valued at £1,393 per sq meter (£129 per sq foot).
The average size of a house on SHIPLEY AVENUE is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Under investigation | On or near Shipley Avenue |
| Jul 2024 | Drugs | Under investigation | On or near Shipley Avenue |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Shipley Avenue |
| Jul 2024 | Shoplifting | Under investigation | On or near Shipley Avenue |
| Jul 2024 | Anti-social behaviour | On or near Shipley Avenue |