£144,387
This estimated value is based upon the latest sale price for the house of £98,200 on 13 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £98,200 | 13 May 2015 |
| £100,000 | 30 Sep 2009 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 799 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £98,200 results in an estimated price of approximately £144,387.
| 13 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £98,200 | £46,187 | £144,387 |
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 | 10.585 % | £10,394 | £108,594 |
| 3 Month Average | 17.962 % | £17,639 | £115,839 |
| 6 Month Average | 14.624 % | £14,360 | £112,560 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £108,329 | £105,000 | 124 TWO BALL LONNEN |
| 15 Sep 2023 | £143,156 | £140,000 | 133 GRANGE ROAD |
| 6 Apr 2023 | £147,764 | £145,000 | 118 TWO BALL LONNEN |
| 1 Feb 2023 | £120,807 | £120,000 | 132 TWO BALL LONNEN |
| 13 Sep 2022 | £86,942 | £87,000 | 196 OVINGTON GROVE |
This house has a floor area of 74 sq meters or 799 sq feet when measured on 14 May 2009. Using an estimated price of £144,388 means this house is valued at £1,943 per sq meter (£180 per sq foot).
The average size of a house on LONNEN AVENUE is 78 sq meters (848 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Two Ball Lonnen | |
| May 2024 | Anti-social behaviour | On or near Two Ball Lonnen | |
| May 2024 | Anti-social behaviour | On or near Two Ball Lonnen | |
| May 2024 | Anti-social behaviour | On or near Two Ball Lonnen | |
| May 2024 | Anti-social behaviour | On or near Two Ball Lonnen |