£127,774
This estimated value is based upon the latest sale price for the house of £104,000 on 17 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £104,000 | 17 Dec 2018 |
| £70,000 | 21 May 2010 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 898 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 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.860%.Applying this 22.860% change to the original purchase price of £104,000 results in an estimated price of approximately £127,774.
| 17 Dec 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.860 % | £104,000 | £23,774 | £127,774 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -15.486 % | £-16,105 | £87,894 |
| 3 Month Average | 0.577 % | £599 | £104,599 |
| 6 Month Average | 11.534 % | £11,995 | £115,995 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £151,951 | £150,000 | 48 BINSWOOD AVENUE |
| 31 Jul 2023 | £141,337 | £140,000 | 50 MOULTON PLACE |
| 9 Mar 2023 | £140,761 | £140,000 | 26 BINSWOOD AVENUE |
| 2 Aug 2022 | £121,926 | £122,750 | 46 BINSWOOD AVENUE |
| 15 Jul 2022 | £119,838 | £120,000 | 7 MOULTON PLACE |
This house has a floor area of 83 sq meters or 898 sq feet when measured on 19 Aug 2009. Using an estimated price of £127,774 means this house is valued at £1,530 per sq meter (£142 per sq foot).
The average size of a house on BINSWOOD AVENUE is 87 sq meters (944 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rothay Place |